Virtus Global Multi-Sector Inc (NYSE:VGI):
Virtus Global Multi-Sector Income Fund Declares Distributions and Discloses Sources of Distributions – Section 19(a) Notice.
The company is up by 1.48% percent from yesterday’s close.
Virtus Global Multi-Sector Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objective by applying credit research to capitalize on opportunities across undervalued areas of the global bond market. Virtus Investment Advisers, Inc. (the Adviser), an indirect wholly-owned subsidiary of Virtus Investment Partners, Inc. (Virtus), is the Adviser to the Fund. Newfleet Asset Management, LLC (Newfleet), an indirect, wholly-owned subsidiary of Virtus, is the sub-adviser for the Fund. Virtus Fund Services, LLC, (VFS) an indirect wholly-owned subsidiary of Virtus, serves as Administrator to the Fund..
The company currently has a P/E ratio of N/A and the market cap is 198.88M.
Traders are more bearish lately as shown by the rise in short interest. The firm realized a rise in short interest from September 29, 2017 to October 13, 2017 of 12.16%. Short interest grew from 92,155 to 103,365 over that period. The days to cover increased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.