Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Stock Short Interest Drops 54.6%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 20,028 shares, a drop of 54.6% from the August 31st total of 44,142 shares. Based on an average daily trading volume, of 60,091 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at about $5,220,000. Landscape Capital Management L.L.C. bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter worth approximately $3,351,000. First Trust Advisors LP lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 14.5% in the first quarter. First Trust Advisors LP now owns 51,010 shares of the company’s stock valued at $1,092,000 after buying an additional 6,477 shares during the period. PMG Family Office LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.0% in the first quarter. PMG Family Office LLC now owns 36,820 shares of the company’s stock valued at $788,000 after buying an additional 3,936 shares during the period. Finally, Calamos Advisors LLC boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 33,363 shares of the company’s stock valued at $714,000 after acquiring an additional 3,970 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.8%

Shares of AIO stock traded up $0.20 on Monday, reaching $24.96. 119,881 shares of the stock were exchanged, compared to its average volume of 88,202. Virtus Artificial Intelligence & Technology Opportunities Fund has a one year low of $20.91 and a one year high of $28.60. The stock has a 50 day moving average price of $25.67 and a 200 day moving average price of $25.28.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Thursday, November 12th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AIO. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities of companies involved in artificial intelligence, technology, and related industries. Its portfolio may include businesses developing or using artificial intelligence, cloud computing, data analytics, semiconductors, software, automation, and other technology products and services.