Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Trading Up 0.4% – What’s Next?

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) shot up 0.4% during mid-day trading on Monday . The company traded as high as $24.88 and last traded at $24.81. 81,283 shares were traded during mid-day trading, a decline of 21% from the average session volume of 102,916 shares. The stock had previously closed at $24.72.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.4%

The stock’s 50 day moving average is $22.74 and its 200-day moving average is $22.93.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, May 11th.

Insider Transactions at Virtus Artificial Intelligence & Technology Opportunities Fund

In related news, EVP William Patrick Bradley III sold 2,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $21.56, for a total value of $43,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors have recently bought and sold shares of AIO. Northwestern Mutual Wealth Management Co. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $25,000. Cornerstone Planning Group LLC raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% in the third quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock worth $27,000 after buying an additional 1,014 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter worth about $43,000. Fifth Third Bancorp bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter worth about $85,000. Finally, NBC Securities Inc. grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% in the fourth quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock worth $156,000 after purchasing an additional 561 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.