Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Sees Significant Increase in Short Interest

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 99,000 shares, an increase of 8.1% from the September 15th total of 91,600 shares. Based on an average trading volume of 76,900 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A number of institutional investors have recently modified their holdings of EDF. J.W. Cole Advisors Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 77.8% during the first quarter. J.W. Cole Advisors Inc. now owns 21,665 shares of the company’s stock valued at $117,000 after buying an additional 9,483 shares during the period. Centaurus Financial Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter valued at approximately $125,000. Nomura Holdings Inc. purchased a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter valued at approximately $167,000. Finally, Wedbush Securities Inc. increased its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after buying an additional 17,977 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 1.6 %

Shares of NYSE:EDF opened at $5.07 on Wednesday. The firm’s 50 day simple moving average is $5.22 and its 200-day simple moving average is $5.32. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $3.51 and a one year high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.20%. The ex-dividend date of this dividend is Tuesday, November 12th.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.