Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 46,534 shares, an increase of 500.5% from the August 15th total of 7,749 shares. Based on an average daily trading volume, of 111,733 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Readystate Asset Management LP purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at $1,412,000. Ameritas Advisory Services LLC bought a new position in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at $26,000. M Holdings Securities Inc. grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 4.8% during the 2nd quarter. M Holdings Securities Inc. now owns 16,988 shares of the investment management company’s stock valued at $256,000 after purchasing an additional 783 shares during the last quarter. Pointe Capital Management LLC bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at approximately $645,000. Finally, North Ground Capital purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth $1,357,789.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

Shares of Virtus Dividend, Interest & Premium Strategy Fund stock opened at $15.49 on Friday. The stock’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $14.45. Virtus Dividend, Interest & Premium Strategy Fund has a 52 week low of $12.25 and a 52 week high of $15.75.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.305 per share. The ex-dividend date is Monday, September 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.9%.

About Virtus Dividend, Interest & Premium Strategy Fund

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.