Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Shares Up 2.2% – Here’s What Happened

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)’s stock price shot up 2.2% during trading on Tuesday . The stock traded as high as $22.60 and last traded at $22.54. 56,377 shares changed hands during trading, a decline of 48% from the average session volume of 108,781 shares. The stock had previously closed at $22.06.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

The firm has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $21.04.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AIO. SeaCrest Wealth Management LLC lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 45.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 24,150 shares of the company’s stock worth $531,000 after buying an additional 7,600 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock worth $311,000 after acquiring an additional 1,323 shares during the period. Sanctuary Advisors LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth about $2,209,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at about $815,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 70,427 shares of the company’s stock valued at $1,529,000 after purchasing an additional 7,767 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.