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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 20,028 shares, a decrease of 54.6% from the August 31st total of 44,142 shares. Based on an average daily volume of 60,091 shares, the days-to-cover ratio is currently 0.3 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.8%

Shares of NYSE:AIO traded up $0.20 during midday trading on Monday, hitting $24.96. The company had a trading volume of 119,881 shares, compared to its average volume of 88,202. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $20.91 and a 12 month high of $28.60. The firm has a fifty day simple moving average of $25.67 and a 200 day simple moving average of $25.28.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.52 annualized dividend and a yield of 10.1%.

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

Several institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $28,000. Integrated Wealth Concepts LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 57.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,925 shares of the company’s stock worth $110,000 after acquiring an additional 1,425 shares during the last quarter. Fifth Third Bancorp acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the first quarter valued at approximately $85,000. Finally, PNC Financial Services Group Inc. grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during 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 during the period.

About Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AIO. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities of companies involved in artificial intelligence, technology, and related industries. Its portfolio may include businesses developing or using artificial intelligence, cloud computing, data analytics, semiconductors, software, automation, and other technology products and services.