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Virtus Global Multi-Sector Income Fund Announces Distributions
Business Wire (Fri, 1-Mar 8:00 AM ET)
The Virtus Global Multi-Sector Income Fund’s investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objective by applying a time-tested approach and extensive credit research to capitalize on opportunities across undervalued areas of the global bond market.
Virtus Global Multi-Sector Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol VGI.
As of April 26, 2024, VGI stock price climbed to $7.26 with 7,573 million shares trading.
VGI has a beta of 0.67, meaning it tends to be less sensitive to market movements. VGI has a correlation of 0.40 to the broad based SPY ETF.
VGI has a market cap of $82.13 million. This is considered a Micro Cap stock.
In the last 3 years, VGI stock traded as high as $12.75 and as low as $6.68.
VGI has underperformed the market in the last year with a return of +7.1%, while the SPY ETF gained +27.1%. In the last 3 month period, VGI fell short of the market, returning -2.0%, while SPY returned +4.7%. However, in the most recent 2 weeks VGI has outperformed the stock market by returning -1.4%, while SPY returned -1.7%.
VGI support price is $7.17 and resistance is $7.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VGI stock will trade within this expected range on the day.