Short Interest in Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Expands By 126.9%

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 123,200 shares, a growth of 126.9% from the September 15th total of 54,300 shares. Based on an average daily trading volume, of 183,800 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 183,800 shares, the days-to-cover ratio is presently 0.7 days.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

Shares of Virtus Dividend, Interest & Premium Strategy Fund stock opened at $12.97 on Wednesday. The business has a 50-day moving average of $12.94 and a 200 day moving average of $12.36. Virtus Dividend, Interest & Premium Strategy Fund has a 12 month low of $10.02 and a 12 month high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 12th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Friday, September 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at approximately $31,000. Winnow Wealth LLC acquired a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 2nd quarter valued at $32,000. CWM LLC raised its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 33.7% in the 2nd quarter. CWM LLC now owns 3,958 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 998 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 34.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,269 shares of the investment management company’s stock worth $88,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Elequin Capital LP acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the first quarter worth $103,000.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.