Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 205,140 shares, an increase of 146.3% from the June 15th total of 83,300 shares. Based on an average trading volume of 175,146 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Resources Management Corp CT ADV acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter valued at $28,000. Allied Private Wealth LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter worth $37,000. Allworth Financial LP raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 431.2% during the fourth quarter. Allworth Financial LP now owns 3,235 shares of the investment management company’s stock worth $42,000 after acquiring an additional 2,626 shares during the period. Western Wealth Management LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund during the first quarter valued at $90,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 836 shares in the last quarter.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

Shares of NYSE:NFJ traded up $0.06 during trading on Thursday, reaching $15.15. 38,249 shares of the company’s stock traded hands, compared to its average volume of 182,724. Virtus Dividend, Interest & Premium Strategy Fund has a fifty-two week low of $12.25 and a fifty-two week high of $15.42. The company has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $13.86.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Monday, June 15th.

About Virtus Dividend, Interest & Premium Strategy Fund

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.