Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Expands By 9.9%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 162,400 shares, an increase of 9.9% from the December 15th total of 147,800 shares. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. David J Yvars Group bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter worth about $256,000. IHT Wealth Management LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter worth about $285,000. B. Riley Wealth Advisors Inc. boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock valued at $311,000 after acquiring an additional 1,323 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter valued at approximately $391,000. Finally, Prospera Financial Services Inc raised its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.5% during the 3rd quarter. Prospera Financial Services Inc now owns 17,890 shares of the company’s stock worth $393,000 after purchasing an additional 775 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.6 %

Shares of NYSE AIO traded up $0.15 during midday trading on Monday, reaching $24.15. 55,728 shares of the company’s stock were exchanged, compared to its average volume of 86,948. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $18.07 and a 52-week high of $25.65. The business’s fifty day moving average price is $24.11 and its two-hundred day moving average price is $22.46.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, February 13th.

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.