Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 53,800 shares, a growth of 24.8% from the May 31st total of 43,100 shares. Based on an average trading volume of 110,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 1,881.3% in the fourth quarter. Wolverine Asset Management LLC now owns 135,163 shares of the company’s stock valued at $2,352,000 after purchasing an additional 128,341 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 25.5% in the 4th quarter. Wells Fargo & Company MN now owns 600,063 shares of the company’s stock valued at $10,441,000 after acquiring an additional 121,741 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 13.9% in the third quarter. Advisors Asset Management Inc. now owns 502,275 shares of the company’s stock worth $8,293,000 after acquiring an additional 61,325 shares during the period. Shaker Financial Services LLC increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 119.5% in the fourth quarter. Shaker Financial Services LLC now owns 81,204 shares of the company’s stock worth $1,422,000 after acquiring an additional 44,210 shares during the period. Finally, Karpus Management Inc. raised its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 3.8% during the 4th quarter. Karpus Management Inc. now owns 954,715 shares of the company’s stock valued at $16,612,000 after buying an additional 34,806 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

AIO stock traded down $0.01 during trading on Tuesday, reaching $21.55. 106,698 shares of the company traded hands, compared to its average volume of 125,495. The business has a 50 day simple moving average of $20.17 and a 200 day simple moving average of $19.36. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $15.09 and a 12 month high of $21.93.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Investors of record on Thursday, July 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.80 annualized dividend and a dividend yield of 8.35%.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.