Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 43,200 shares, a decrease of 20.7% from the July 31st total of 54,500 shares. Based on an average daily volume of 218,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Investment Advisors LLC increased its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 4.2% in the second quarter. Capital Investment Advisors LLC now owns 24,554 shares of the investment management company’s stock valued at $302,000 after buying an additional 1,000 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 0.3% in the 2nd quarter. Raymond James & Associates now owns 390,924 shares of the investment management company’s stock valued at $4,801,000 after acquiring an additional 1,083 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,360 shares of the investment management company’s stock valued at $532,000 after acquiring an additional 1,089 shares during the last quarter. Occidental Asset Management LLC raised its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 7.8% during the 1st quarter. Occidental Asset Management LLC now owns 15,300 shares of the investment management company’s stock valued at $196,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 5.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 22,576 shares of the investment management company’s stock worth $289,000 after purchasing an additional 1,198 shares during the last quarter.

Virtus Dividend, Interest & Premium Strategy Fund Trading Up 0.3 %

NFJ traded up $0.04 on Thursday, reaching $12.87. The company’s stock had a trading volume of 98,742 shares, compared to its average volume of 211,000. Virtus Dividend, Interest & Premium Strategy Fund has a 1 year low of $10.45 and a 1 year high of $12.97. The business’s 50 day moving average is $12.48 and its 200 day moving average is $12.35.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend was Thursday, June 13th.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.