Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

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

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at $261,000. Clay Northam Wealth Management LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $215,000. Continuum Advisory LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 57.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,925 shares of the company’s stock valued at $110,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 7.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,737 shares of the company’s stock valued at $358,000 after purchasing an additional 908 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded up $0.01 during mid-day trading on Monday, hitting $26.24. The company had a trading volume of 84,824 shares, compared to its average volume of 91,175. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1 year low of $20.91 and a 1 year high of $28.60. The business has a fifty day moving average of $26.39 and a 200 day moving average of $24.93.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 13th were issued a $0.18 dividend. The ex-dividend date was Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.2%.

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.