Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Down 57.0% in July

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 24,829 shares, a decrease of 57.0% from the June 30th total of 57,729 shares. Based on an average daily trading volume, of 66,901 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in AIO. Northwestern Mutual Wealth Management Co. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $25,000. Fifth Third Bancorp purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter worth approximately $85,000. NBC Securities Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% in the fourth quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock valued at $156,000 after purchasing an additional 561 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock valued at $154,000 after purchasing an additional 5,295 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter valued at approximately $208,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.1%

Shares of NYSE AIO opened at $25.61 on Monday. The company has a 50-day moving average price of $26.78 and a 200-day moving average price of $24.37. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1 year low of $20.91 and a 1 year high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 8.4%.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.