Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Increases By 64.4%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 48,000 shares, an increase of 64.4% from the March 31st total of 29,200 shares. Based on an average daily volume of 130,400 shares, the short-interest ratio is presently 0.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 1.4 %

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock opened at $19.43 on Friday. The business has a fifty day simple moving average of $19.54 and a 200 day simple moving average of $18.12. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $15.09 and a 12 month high of $20.25.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a yield of 8.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Claro Advisors LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.4% during the fourth quarter. Claro Advisors LLC now owns 31,556 shares of the company’s stock worth $549,000 after acquiring an additional 733 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.0% during the fourth quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock worth $87,000 after acquiring an additional 1,000 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 9.4% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,937 shares of the company’s stock worth $230,000 after acquiring an additional 1,194 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 15.0% during the third quarter. Kingswood Wealth Advisors LLC now owns 14,114 shares of the company’s stock worth $233,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 36.4% during the third quarter. Janney Montgomery Scott LLC now owns 16,671 shares of the company’s stock worth $275,000 after acquiring an additional 4,450 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.