Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Large Decline in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 9,496 shares, a decline of 61.8% from the July 15th total of 24,829 shares. Based on an average daily volume of 76,898 shares, the short-interest ratio is presently 0.1 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.17 during trading hours on Friday, reaching $26.58. The stock had a trading volume of 43,369 shares, compared to its average volume of 92,551. The business’s 50 day moving average price is $26.59 and its 200-day moving average price is $24.67. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $20.91 and a 52 week high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders 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) dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $683,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at $25,000. Raymond James Financial Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% during the 2nd quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock valued at $2,669,000 after purchasing an additional 8,776 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth $275,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 290,542 shares of the company’s stock worth $7,212,000 after purchasing an additional 24,009 shares in the last quarter.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.