November 16, 2016 - By Vivian Park · 0 Comments
Virtus Global Multi-sector Income Fund (NYSE:VGI) institutional sentiment decreased to 0.44 in 2016 Q2. Its down -1.29, from 1.73 in 2016Q1. The ratio fall, as 8 active investment managers opened new and increased holdings, while 18 trimmed and sold holdings in Virtus Global Multi-sector Income Fund. The active investment managers in our partner’s database now possess: 3.04 million shares, up from 3.03 million shares in 2016Q1. Also, the number of active investment managers holding Virtus Global Multi-sector Income Fund in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 10 Increased: 7 New Position: 1.
Virtus Global Multi-Sector Income Fund is a diversified, closed-end management investment company. The company has a market cap of $165.56 million. The Fund’s investment objective is to maximize current income while preserving capital. It currently has negative earnings. The Fund seeks to achieve its investment objective by applying an approach and credit research to capitalize on opportunities across undervalued areas of the global bond market.
About 35,653 shares traded hands. Virtus Global Multi-Sector Income Fund (NYSE:VGI) has risen 3.16% since April 14, 2016 and is uptrending. It has underperformed by 1.53% the S&P500.
Shaker Financial Services Llc holds 2.57% of its portfolio in Virtus Global Multi-Sector Income Fund for 244,110 shares. Karpus Management Inc. owns 435,899 shares or 0.34% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.33% invested in the company for 331,859 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.23% in the stock. Saba Capital Management L.P., a New York-based fund reported 132,868 shares.#img1#
More notable recent Virtus Global Multi-Sector Income Fund (NYSE:VGI) news were published by: Prnewswire.com which released: “Virtus Global Multi-Sector Income Fund Discloses Sources Of Distribution …” on October 20, 2016, also Seekingalpha.com with their article: “Virtus Global Multi-Sector Income Fund: A Good Or Bad Investment” published on August 11, 2016, Seekingalpha.com published: “Virtus Global Multi-Sector Income Fund: Desperate For Attention? (VGI)” on June 22, 2015. More interesting news about Virtus Global Multi-Sector Income Fund (NYSE:VGI) were released by: Seekingalpha.com and their article: “Another Closed-End Fund IPO Bites The Dust” published on April 30, 2012 as well as Seekingalpha.com‘s news article titled: “Duff & Phelps Global Utility Income Fund: A Good Or Bad Investment?” with publication date: August 26, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park