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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 48,600 shares, a growth of 548.0% from the December 31st total of 7,500 shares. Based on an average trading volume of 128,400 shares, the short-interest ratio is currently 0.4 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

NYSE EDF opened at $5.16 on Wednesday. The stock has a 50 day moving average price of $4.95 and a 200-day moving average price of $5.09. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $4.34 and a one year high of $5.75.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 annualized dividend and a yield of 13.95%.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A hedge fund recently raised its stake in Virtus Stone Harbor Emerging Markets Income Fund stock. J.W. Cole Advisors Inc. boosted its position in shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) by 148.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,254 shares of the company’s stock after buying an additional 104,181 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Virtus Stone Harbor Emerging Markets Income Fund were worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

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.