Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 213,588 shares, a growth of 170.9% from the January 29th total of 78,849 shares. Based on an average daily volume of 193,719 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 193,719 shares, the days-to-cover ratio is currently 1.1 days.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.4%

Shares of NFJ stock traded down $0.06 on Thursday, reaching $13.70. 14,187 shares of the company were exchanged, compared to its average volume of 183,856. Virtus Dividend, Interest & Premium Strategy Fund has a 1 year low of $10.02 and a 1 year high of $13.92. The business has a 50-day moving average price of $13.34 and a 200 day moving average price of $13.06.

Insider Transactions at Virtus Dividend, Interest & Premium Strategy Fund

In other Virtus Dividend, Interest & Premium Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 123,765 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average cost of $13.51 per share, for a total transaction of $1,672,065.15. Following the completion of the transaction, the insider directly owned 9,734,470 shares of the company’s stock, valued at $131,512,689.70. This represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 431,290 shares of company stock worth $5,820,098 in the last quarter.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Winnow Wealth LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 2nd quarter valued at about $32,000. Allworth Financial LP lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 431.2% during the fourth quarter. Allworth Financial LP now owns 3,235 shares of the investment management company’s stock worth $42,000 after buying an additional 2,626 shares in the last quarter. CWM LLC boosted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 33.7% during the second quarter. CWM LLC now owns 3,958 shares of the investment management company’s stock worth $49,000 after buying an additional 998 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after buying an additional 836 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth $124,000.

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.