Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Large Drop in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 12,073 shares, a decline of 24.5% from the December 15th total of 16,000 shares. Based on an average trading volume of 112,098 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 112,098 shares, the short-interest ratio is currently 0.1 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.4%

Shares of NYSE:AIO traded down $0.33 on Friday, hitting $22.92. The company’s stock had a trading volume of 154,069 shares, compared to its average volume of 162,624. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.18 and a 12 month high of $25.69. The stock’s 50-day moving average is $22.86 and its two-hundred day moving average is $23.79.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were given a dividend of $1.191 per share. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after buying an additional 84,015 shares during the period. Advisors Asset Management Inc. boosted its position 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 acquiring an additional 23,695 shares during the period. UBS Group AG boosted its stake in shares of 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 valued at $11,477,000 after buying an additional 29,408 shares during the period. Ameriprise Financial Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% during 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 5.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 141,197 shares of the company’s stock valued at $3,505,000 after purchasing an additional 7,497 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.