Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Decreases By 9.4%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 147,800 shares, a decrease of 9.4% from the November 30th total of 163,200 shares. Based on an average daily trading volume, of 80,700 shares, the short-interest ratio is presently 1.8 days.

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

Hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 12.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 70,427 shares of the company’s stock valued at $1,529,000 after purchasing an additional 7,767 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth approximately $815,000. B. Riley Wealth Advisors Inc. grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock worth $311,000 after buying an additional 1,323 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at $2,209,000. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 45.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 24,150 shares of the company’s stock valued at $531,000 after acquiring an additional 7,600 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.2 %

Shares of NYSE:AIO traded down $0.29 during trading on Wednesday, reaching $24.66. The company had a trading volume of 73,126 shares, compared to its average volume of 105,887. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $17.10 and a twelve month high of $25.65. The firm’s fifty day moving average is $23.73 and its 200 day moving average is $22.21.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Thursday, February 13th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.