Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 211.1% in June

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 57,729 shares, a growth of 211.1% from the June 15th total of 18,554 shares. Based on an average daily trading volume, of 92,286 shares, the short-interest ratio is currently 0.6 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

AIO stock opened at $26.59 on Wednesday. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $20.91 and a twelve month high of $28.60. The business has a fifty day moving average of $26.79 and a 200-day moving average of $24.16.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AIO. Northwestern Mutual Wealth Management Co. acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at approximately $25,000. Fifth Third Bancorp acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter worth $85,000. NBC Securities Inc. raised its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the 4th quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock valued at $156,000 after acquiring an additional 561 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the 1st 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. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter valued at $208,000.

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.