Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 19,300 shares, a decline of 27.2% from the September 30th total of 26,500 shares. Based on an average daily trading volume, of 68,300 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 68,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AIO. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at approximately $25,000. Spire Wealth Management purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at approximately $32,000. Geneos Wealth Management Inc. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter valued at approximately $43,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at approximately $148,000. Finally, Elequin Capital LP purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at approximately $158,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.3%

Shares of AIO stock traded up $0.06 during midday trading on Monday, hitting $24.71. The company had a trading volume of 68,848 shares, compared to its average volume of 84,419. The company’s 50 day simple moving average is $24.11 and its 200 day simple moving average is $23.66. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $16.18 and a 52-week high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th will be paid a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, November 13th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.