Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Short Interest Up 665.1% in October

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 48,200 shares, an increase of 665.1% from the October 15th total of 6,300 shares. Based on an average daily volume of 81,700 shares, the days-to-cover ratio is presently 0.6 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Down 3.7 %

Shares of EDF traded down $0.19 during midday trading on Tuesday, reaching $4.94. 116,500 shares of the stock were exchanged, compared to its average volume of 113,421. The stock’s 50 day simple moving average is $5.16 and its 200 day simple moving average is $5.29. Virtus Stone Harbor Emerging Markets Income Fund has a twelve month low of $3.90 and a twelve month 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 issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDF. J.W. Cole Advisors Inc. lifted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 148.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock worth $913,000 after purchasing an additional 104,181 shares in the last quarter. Wedbush Securities Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 8.8% in the second 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 during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the third quarter valued at approximately $86,000.

About Virtus Stone Harbor Emerging Markets Income Fund

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.