Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Decreases By 57.0%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 24,829 shares, a decrease of 57.0% from the June 30th total of 57,729 shares. Based on an average daily trading volume, of 66,901 shares, the short-interest ratio is presently 0.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.59 during trading hours on Wednesday, reaching $24.35. The stock had a trading volume of 155,945 shares, compared to its average volume of 94,232. The company has a fifty day simple moving average of $26.74 and a 200-day simple moving average of $24.42. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $20.91 and a 52 week high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Thursday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 7.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,737 shares of the company’s stock valued at $358,000 after purchasing an additional 908 shares during the last quarter. Saba Capital Management L.P. bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter worth approximately $5,220,000. First Trust Advisors LP increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 14.5% during the first quarter. First Trust Advisors LP now owns 51,010 shares of the company’s stock valued at $1,092,000 after buying an additional 6,477 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock valued at $154,000 after buying an additional 5,295 shares during the period. Finally, Calamos Advisors LLC increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 33,363 shares of the company’s stock valued at $714,000 after buying an additional 3,970 shares during the period.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.