Short traders are more bearish on the company lately if you consider the rise in short interest. The firm experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 34.02%. Short interest increased from 33,263 to 44,578 over that period. With short interest at 44,578 and short average daily volume at 48,066, days to cover is 1.0 and the short interest percentage is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Doliver Capital Advisors, Inc. had acquired a total of 870 shares growing its position 4.1%. The value of the investment in (EDI) increased from $325,000 to $358,000 a change of 10.2% since the last quarter. Advisors Asset Management, Inc. cut its ownership by shedding 90,337 shares a decrease of 16.1% from 06/30/2017 to 09/30/2017. Advisors Asset Management, Inc. now controls 469,928 shares with a value of $7,589,000. The value of the position overall is down by 11.2%.
As of quarter end Private Harbour Investment Management & Counsel, LLC had sold 125 shares trimming its holdings by 0.6%. The value of the investment in Stone Harbor Emerging Markets went from $332,000 to $350,000 increasing 5.4% quarter over quarter. Wells Fargo & Company/mn downsized its holdings by selling 365 shares a decrease of 47.0%. Wells Fargo & Company/mn owns 412 shares worth $7,000. The total value of its holdings decreased 41.7%.
The company is trading down from yesterday’s close of 15.48. Stone Harbor Emerging Markets currently has a P/E ratio of N/A and market capitalization is 148.62M.
Stone Harbor Emerging Markets Total Income Fund (the Fund) is an open-end management investment company. The Company’s primary investment objective is to maximize total return. The Fund normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets Fixed Income Securities. The Fund may invest all or a significant portion of its assets in Stone Harbor Investment Grade Fund, Stone Harbor High Yield Bond Fund, Stone Harbor Emerging Markets Debt Fund, Stone Harbor Local Markets Fund and Stone Harbor Emerging Markets Corporate Debt Fund and other funds. The Funds may also invest in unfunded loan commitments, which are contractual obligations for future funding and mortgage-related and other asset-backed securities..