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

Posted by Jeanne O'Marion on Jan 14th, 2025

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

Institutional Investors Weigh In On Virtus Stone Harbor Emerging Markets Income Fund

A hedge fund recently bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund stock. Sequoia Financial Advisors LLC bought a new stake in Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,345 shares of the company’s stock, valued at approximately $86,000.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

Shares of EDF stock remained flat at $4.98 during mid-day trading on Tuesday. 102,855 shares of the stock were exchanged, compared to its average volume of 160,708. Virtus Stone Harbor Emerging Markets Income Fund has a 52 week low of $4.31 and a 52 week high of $5.75. The firm’s fifty day moving average is $4.93 and its 200-day moving average is $5.11.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The company 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 $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 14.46%. The ex-dividend date is Thursday, March 13th.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

(Get Free Report)

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.