Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Significant Decrease in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 16,000 shares, a decline of 25.3% from the November 30th total of 21,416 shares. Based on an average daily volume of 77,144 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 77,144 shares, the days-to-cover ratio is presently 0.2 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.0%

Shares of NYSE AIO traded down $0.22 during trading on Wednesday, reaching $21.76. The stock had a trading volume of 100,460 shares, compared to its average volume of 85,397. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.18 and a fifty-two week high of $25.69. The business’s 50-day moving average price is $23.21 and its 200-day moving average price is $23.90.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 29th will be given a $1.191 dividend. The ex-dividend date of this dividend is Monday, December 29th.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Several hedge funds have recently made changes to their positions in AIO. Readystate Asset Management LP purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter worth approximately $383,000. Oppenheimer & Co. Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 7.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,551 shares of the company’s stock valued at $1,599,000 after buying an additional 4,654 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% in the second quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after acquiring an additional 23,695 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 19.0% in the third quarter. J.W. Cole Advisors Inc. now owns 9,618 shares of the company’s stock worth $231,000 after acquiring an additional 1,539 shares in the last quarter. Finally, Westbourne Investments Inc. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter worth $217,000.

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.