VGI Stock Summary and Trading Ideas (Virtus Global Multi-Sector Income Common Shares Of Beneficial Interest | NYSE:VGI)

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 24, 2024, VGI stock price declined to $7.27 with 24,664 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 $82.24 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 +7.9%, while the SPY ETF gained +24.2%. In the last 3 month period, VGI fell short of the market, returning -2.5%, while SPY returned +4.6%. However, in the most recent 2 weeks VGI has outperformed the stock market by returning -2.0%, while SPY returned -2.7%.

VGI support price is $7.26 and resistance is $7.38 (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.