Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Increases By 42.4%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 103,700 shares, a growth of 42.4% from the October 15th total of 72,800 shares. Based on an average daily volume of 74,000 shares, the days-to-cover ratio is presently 1.4 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter valued at $285,000. Rockefeller Capital Management L.P. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter valued at about $391,000. Advisors Asset Management Inc. raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 534,702 shares of the company’s stock worth $11,747,000 after purchasing an additional 19,458 shares during the period. Prospera Financial Services Inc raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.5% in the 3rd quarter. Prospera Financial Services Inc now owns 17,890 shares of the company’s stock worth $393,000 after purchasing an additional 775 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.6% in the third quarter. Oppenheimer & Co. Inc. now owns 33,429 shares of the company’s stock worth $734,000 after purchasing an additional 3,487 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.24 during trading hours on Friday, reaching $22.48. The company’s stock had a trading volume of 85,184 shares, compared to its average volume of 108,165. The firm has a 50 day moving average price of $22.10 and a 200-day moving average price of $21.21. Virtus Artificial Intelligence & Technology Opportunities Fund has a one year low of $16.60 and a one year high of $23.94.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.80 annualized dividend and a yield of 8.01%.

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.