Short Interest in Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Decreases By 96.9%

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,598 shares, a decline of 96.9% from the July 15th total of 178,222 shares. Based on an average trading volume of 292,743 shares, the days-to-cover ratio is currently 0.0 days.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.1%

Virtus Dividend, Interest & Premium Strategy Fund stock traded down $0.01 during midday trading on Wednesday, hitting $15.55. 183,412 shares of the company’s stock were exchanged, compared to its average volume of 190,476. The firm has a 50-day moving average of $15.13 and a two-hundred day moving average of $14.14. Virtus Dividend, Interest & Premium Strategy Fund has a 12 month low of $12.25 and a 12 month high of $15.60.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a dividend of $0.305 per share. The ex-dividend date was Monday, June 15th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.8%.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

A number of large investors have recently bought and sold shares of the business. WealthShield Partners LLC grew its stake in Virtus Dividend, Interest & Premium Strategy Fund by 1.5% during the 4th quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock valued at $630,000 after purchasing an additional 742 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock worth $101,000 after purchasing an additional 836 shares during the period. Uhlmann Price Securities LLC lifted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.4% during the first quarter. Uhlmann Price Securities LLC now owns 43,174 shares of the investment management company’s stock worth $544,000 after purchasing an additional 1,023 shares during the period. Resources Management Corp CT ADV purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the first quarter valued at approximately $28,000. Finally, Allied Private Wealth LLC purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at approximately $37,000.

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.