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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 36,462 shares, an increase of 106.7% from the February 12th total of 17,640 shares. Based on an average trading volume of 89,600 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 89,600 shares, the short-interest ratio is currently 0.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 0.9%

Shares of AIO opened at $21.70 on Friday. The business’s fifty day moving average is $22.71 and its 200 day moving average is $23.28. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12-month low of $16.18 and a 12-month high of $25.47.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the 3rd quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after acquiring an additional 84,015 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after purchasing an additional 23,695 shares in the last quarter. UBS Group AG increased its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% during the 3rd quarter. UBS Group AG now owns 477,626 shares of the company’s stock worth $11,477,000 after purchasing an additional 29,408 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% in the fourth quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock worth $9,300,000 after purchasing an additional 88,080 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock valued at $8,890,000 after purchasing an additional 79,378 shares in the last quarter.

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.