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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 20,028 shares, a decrease of 54.6% from the August 31st total of 44,142 shares. Based on an average daily trading volume, of 60,091 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Several institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $28,000. Integrated Wealth Concepts LLC purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at $34,000. Fifth Third Bancorp purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter valued at $85,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 57.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,925 shares of the company’s stock worth $110,000 after acquiring an additional 1,425 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock worth $154,000 after acquiring an additional 5,295 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

AIO stock traded up $0.01 during mid-day trading on Wednesday, hitting $25.20. The company had a trading volume of 56,670 shares, compared to its average volume of 88,273. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $20.91 and a 12 month high of $28.60. The stock’s fifty day moving average price is $25.64 and its two-hundred day moving average price is $25.32.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.52 annualized dividend and a dividend yield of 10.0%.

About Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AIO. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities of companies involved in artificial intelligence, technology, and related industries. Its portfolio may include businesses developing or using artificial intelligence, cloud computing, data analytics, semiconductors, software, automation, and other technology products and services.