Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Drops By 25.3%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 16,000 shares, a decline of 25.3% from the November 30th total of 21,416 shares. Based on an average trading volume of 77,144 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 77,144 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chapin Davis Inc. increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.8% in the 2nd quarter. Chapin Davis Inc. now owns 18,400 shares of the company’s stock valued at $457,000 after buying an additional 500 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,777 shares of the company’s stock worth $1,106,000 after acquiring an additional 875 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% in the third quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock valued at $27,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 12.7% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,983 shares of the company’s stock valued at $264,000 after acquiring an additional 1,239 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

NYSE AIO traded down $0.10 during mid-day trading on Tuesday, hitting $21.95. The company’s stock had a trading volume of 213,560 shares, compared to its average volume of 85,337. The company’s 50 day simple moving average is $23.24 and its 200 day simple moving average is $23.91. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $16.18 and a twelve month high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 29th will be paid a $1.191 dividend. The ex-dividend date is Monday, December 29th.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.