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

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,409 shares of the company’s stock worth $701,000 after buying an additional 1,180 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 72.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 53,266 shares of the company’s stock worth $1,314,000 after acquiring an additional 22,367 shares in the last quarter. David J Yvars Group boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.1% during the 4th quarter. David J Yvars Group now owns 12,154 shares of the company’s stock valued at $300,000 after acquiring an additional 482 shares during the last quarter. IHT Wealth Management LLC purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter valued at $285,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter valued at $391,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.6 %

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded up $0.15 on Monday, hitting $24.15. 55,728 shares of the company traded hands, 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 has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $22.46.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be paid a $0.15 dividend. 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.