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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIOGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 51,600 shares, an increase of 17.0% from the April 30th total of 44,100 shares. Based on an average trading volume of 114,000 shares, the short-interest ratio is presently 0.5 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.05 during trading on Friday, reaching $19.95. The company had a trading volume of 90,844 shares, compared to its average volume of 123,829. The firm’s fifty day moving average is $19.73 and its 200-day moving average is $18.80. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $15.09 and a fifty-two week high of $20.25.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 11th were issued a $0.15 dividend. This represents a dividend yield of 8.97%. The ex-dividend date was Wednesday, April 10th.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 61.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,929 shares of the company’s stock worth $329,000 after buying an additional 7,195 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 38.7% during the 4th quarter. Raymond James & Associates now owns 74,648 shares of the company’s stock valued at $1,299,000 after purchasing an additional 20,821 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.9% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,594 shares of the company’s stock valued at $271,000 after buying an additional 1,657 shares during the last quarter. Claro Advisors LLC grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.4% in the 4th quarter. Claro Advisors LLC now owns 31,556 shares of the company’s stock valued at $549,000 after buying an additional 733 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.0% in the 4th quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock valued at $87,000 after buying an additional 1,000 shares during the last quarter.

About Virtus Artificial Intelligence & Technology Opportunities Fund

(Get Free Report)

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.

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