Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 70.6% in August

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 16,203 shares, an increase of 70.6% from the July 30th total of 9,496 shares. Based on an average trading volume of 69,635 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIO. Bank of America Corp DE grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after buying an additional 84,015 shares in the last quarter. UBS Group AG lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% during the 3rd quarter. UBS Group AG now owns 477,626 shares of the company’s stock worth $11,477,000 after acquiring an additional 29,408 shares in the last quarter. Royal Bank of Canada boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% during the 4th quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock valued at $9,300,000 after acquiring an additional 88,080 shares during the period. Ameriprise Financial Inc. boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock valued at $8,890,000 after acquiring an additional 79,378 shares during the period. Finally, Saba Capital Management L.P. acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at about $5,220,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.36 on Tuesday, reaching $25.90. The company had a trading volume of 23,500 shares, compared to its average volume of 90,756. The firm’s 50 day moving average price is $26.34 and its two-hundred day moving average price is $24.95. 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 business also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 13th were issued a $0.18 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date was Thursday, August 13th.

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.