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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 103,700 shares, an increase 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 Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at $208,000. David J Yvars Group bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter valued at $256,000. IHT Wealth Management LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter valued at $285,000. B. Riley Wealth Advisors Inc. increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock valued at $311,000 after purchasing an additional 1,323 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 65.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 16,550 shares of the company’s stock valued at $359,000 after purchasing an additional 6,550 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 1.1 %

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.24 during mid-day trading on Friday, hitting $22.48. 85,184 shares of the stock were exchanged, compared to its average volume of 108,165. The firm’s fifty day simple moving average is $22.10 and its two-hundred day simple moving average is $21.21. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.60 and a 12 month 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. Stockholders of record on Tuesday, November 12th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.80 annualized dividend and a dividend yield of 8.01%.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.