Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.82 and traded as low as $12.74. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.76, with a volume of 135,322 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.7 %

The firm has a 50 day simple moving average of $12.76 and a two-hundred day simple moving average of $12.82.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 10.5% during the 4th quarter. Saba Capital Management L.P. now owns 8,165,612 shares of the investment management company’s stock worth $103,132,000 after buying an additional 777,052 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the fourth quarter. Pathstone Holdings LLC now owns 1,882,886 shares of the investment management company’s stock worth $23,819,000 after acquiring an additional 193,524 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund during the third quarter worth about $17,092,000. Stifel Financial Corp lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 3.8% in the fourth quarter. Stifel Financial Corp now owns 1,100,076 shares of the investment management company’s stock valued at $13,894,000 after purchasing an additional 40,191 shares during the period. Finally, Guggenheim Capital LLC lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 0.4% in the fourth quarter. Guggenheim Capital LLC now owns 907,061 shares of the investment management company’s stock valued at $11,456,000 after purchasing an additional 3,562 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.