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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 8,300 shares, a decrease of 82.8% from the October 31st total of 48,200 shares. Based on an average daily volume of 92,200 shares, the short-interest ratio is presently 0.1 days.

Virtus Stone Harbor Emerging Markets Income Fund Trading Up 0.4 %

NYSE:EDF traded up $0.02 during trading hours on Wednesday, reaching $5.05. 127,271 shares of the company were exchanged, compared to its average volume of 114,038. The business has a 50 day moving average of $5.08 and a 200 day moving average of $5.25. Virtus Stone Harbor Emerging Markets Income Fund has a 1-year low of $4.20 and a 1-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 Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 14.26%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EDF. J.W. Cole Advisors Inc. increased its stake in Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the third quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock valued at $913,000 after acquiring an additional 104,181 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the 2nd quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after purchasing an additional 17,977 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at $86,000.

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.