Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Rises By 9.9%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 162,400 shares, an increase of 9.9% from the December 15th total of 147,800 shares. Based on an average trading volume of 83,700 shares, the short-interest ratio is presently 1.9 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

Shares of AIO stock traded up $0.15 during mid-day trading on Monday, hitting $24.15. 55,728 shares of the company’s stock were exchanged, compared to its average volume of 86,948. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $18.07 and a fifty-two week high of $25.65. The stock has a 50-day simple moving average of $24.11 and a two-hundred day simple moving average of $22.46.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 7.45%.

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

A number of institutional investors have recently bought and sold shares of AIO. Rockefeller Capital Management L.P. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter worth approximately $391,000. IHT Wealth Management LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter worth $285,000. Prospera Financial Services Inc lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.5% during the 3rd quarter. Prospera Financial Services Inc now owns 17,890 shares of the company’s stock valued at $393,000 after acquiring an additional 775 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 3.8% during 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. Finally, Oppenheimer & Co. Inc. raised its position 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 valued at $734,000 after purchasing an additional 3,487 shares during the period.

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.