Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 63,100 shares, a drop of 33.9% from the April 30th total of 95,500 shares. Based on an average daily trading volume, of 65,200 shares, the short-interest ratio is currently 1.0 days.
Hedge funds and other institutional investors have recently modified their holdings of the business. Princeton Global Asset Management LLC acquired a new stake in Stone Harbor Emerging Markets Income Fund in the first quarter worth $40,000. Wolverine Asset Management LLC bought a new position in shares of Stone Harbor Emerging Markets Income Fund in the third quarter worth $61,000. CoreCap Advisors LLC grew its stake in shares of Stone Harbor Emerging Markets Income Fund by 64.9% in the first quarter. CoreCap Advisors LLC now owns 16,770 shares of the company’s stock worth $110,000 after purchasing an additional 6,600 shares in the last quarter. SFI Advisors LLC bought a new position in shares of Stone Harbor Emerging Markets Income Fund in the fourth quarter worth $160,000. Finally, Advisory Services Network LLC grew its stake in shares of Stone Harbor Emerging Markets Income Fund by 14.7% in the first quarter. Advisory Services Network LLC now owns 29,796 shares of the company’s stock worth $195,000 after purchasing an additional 3,812 shares in the last quarter.
NYSE EDF traded down $0.03 during trading hours on Friday, hitting $5.47. The company had a trading volume of 52,940 shares, compared to its average volume of 75,191. Stone Harbor Emerging Markets Income Fund has a fifty-two week low of $5.05 and a fifty-two week high of $8.74. The business has a fifty day simple moving average of $5.83 and a 200-day simple moving average of $6.26.
The business also recently announced a monthly dividend, which will be paid on Friday, June 17th. Shareholders of record on Tuesday, June 7th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 13.16%. The ex-dividend date of this dividend is Monday, June 6th.
Stone Harbor Emerging Markets Income Fund Company Profile (Get Rating)
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.
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