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

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 118,500 shares, a growth of 415.2% from the February 29th total of 23,000 shares. Based on an average daily volume of 163,000 shares, the days-to-cover ratio is presently 0.7 days.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of NYSE EDF opened at $5.40 on Friday. Virtus Stone Harbor Emerging Markets Income Fund has a one year low of $3.51 and a one year high of $5.75. The business has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $4.40.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.33%. The ex-dividend date of this dividend is Thursday, June 13th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EDF. Luken Investment Analytics LLC acquired a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the third quarter valued at approximately $44,000. Raymond James & Associates bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund in the fourth quarter valued at $45,000. Creative Planning acquired a new position in Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter worth $50,000. J.W. Cole Advisors Inc. bought a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the fourth quarter valued at $53,000. Finally, M3 Advisory Group LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund in the 4th quarter valued at $61,000.

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.