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 recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 87,700 shares, a growth of 154.9% from the February 13th total of 34,400 shares. Based on an average trading volume of 139,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

A number of hedge funds have recently bought and sold shares of EDF. Wolverine Asset Management LLC purchased a new position in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter valued at $425,000. J.W. Cole Advisors Inc. lifted its holdings in Virtus Stone Harbor Emerging Markets Income Fund by 49.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 260,674 shares of the company’s stock worth $1,225,000 after purchasing an additional 86,420 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth about $331,000. Arlington Capital Management Inc. purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth about $143,000. Finally, Naviter Wealth LLC purchased a new stake in Virtus Stone Harbor Emerging Markets Income Fund during the 4th quarter worth about $87,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of EDF stock traded down $0.06 on Friday, hitting $5.00. The stock had a trading volume of 153,599 shares, compared to its average volume of 113,383. Virtus Stone Harbor Emerging Markets Income Fund has a 12-month low of $4.58 and a 12-month high of $5.75. The business has a 50 day moving average of $5.09 and a 200 day moving average of $5.07.

Virtus Stone Harbor Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.72 dividend on an annualized basis and a yield of 14.40%.

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.