Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 18.5% in September

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 42,200 shares, an increase of 18.5% from the September 15th total of 35,600 shares. Based on an average trading volume of 89,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds have recently modified their holdings of AIO. Sanctuary Advisors LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $2,209,000. B. Riley Wealth Advisors Inc. lifted its stake 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 valued at $311,000 after buying an additional 1,323 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth $815,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 12.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,427 shares of the company’s stock worth $1,529,000 after acquiring an additional 7,767 shares during the period. Finally, &PARTNERS lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 36.5% in the 2nd quarter. &PARTNERS now owns 18,135 shares of the company’s stock valued at $394,000 after acquiring an additional 4,850 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.3 %

Shares of AIO traded up $0.06 during trading hours on Monday, hitting $22.69. 48,697 shares of the stock traded hands, compared to its average volume of 112,293. The business has a fifty day moving average of $21.31 and a 200-day moving average of $20.70. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $15.09 and a 1-year high of $22.80.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.