Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Short Interest Report for October

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 230,275 shares, a decline of 55.3% from the September 30th total of 515,445 shares. Based on an average daily volume of 374,867 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NFJ. M Holdings Securities Inc. boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 4.8% during the 2nd quarter. M Holdings Securities Inc. now owns 16,988 shares of the investment management company’s stock worth $256,000 after buying an additional 783 shares during the period. Ameritas Advisory Services LLC bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter valued at approximately $28,000. Allied Private Wealth LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 2nd quarter valued at approximately $37,000. Finally, Procyon Advisors LLC raised its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 19.7% during the first quarter. Procyon Advisors LLC now owns 18,316 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 3,011 shares during the last quarter.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

Shares of NFJ stock traded down $0.27 during trading hours on Friday, hitting $14.22. 486,412 shares of the company’s stock were exchanged, compared to its average volume of 210,798. Virtus Dividend, Interest & Premium Strategy Fund has a 52 week low of $12.25 and a 52 week high of $15.75. The stock’s 50-day moving average is $15.08 and its 200-day moving average is $14.40.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were given a dividend of $0.3050 per share. The ex-dividend date was Monday, September 14th. This represents a $1.22 annualized dividend and a dividend yield of 8.6%.

About Virtus Dividend, Interest & Premium Strategy Fund

Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end investment fund traded on the New York Stock Exchange under the symbol NFJ. The fund seeks to provide current income and long-term capital appreciation through a portfolio of dividend-paying equity securities, convertible securities and interest-bearing investments.

As part of its premium-income strategy, the fund may write covered call options on selected portfolio holdings. This approach is designed to generate additional option-premium income while maintaining exposure to equity markets.