Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Decreases By 51.7%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 68,000 shares, a decline of 51.7% from the February 28th total of 140,700 shares. Based on an average trading volume of 98,100 shares, the days-to-cover ratio is presently 0.7 days.

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

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 52,786 shares of the company’s stock worth $1,302,000 after purchasing an additional 4,416 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the fourth quarter valued at approximately $444,000. Bank of America Corp DE grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 9.6% during the fourth quarter. Bank of America Corp DE now owns 612,345 shares of the company’s stock worth $15,100,000 after buying an additional 53,449 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.8% during the 4th quarter. Ameriprise Financial Inc. now owns 253,052 shares of the company’s stock worth $6,240,000 after acquiring an additional 6,975 shares during the period. Finally, Alteri Wealth LLC acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter valued at $316,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 1.2 %

Shares of AIO stock traded down $0.26 during trading on Friday, reaching $20.96. 127,342 shares of the company’s stock were exchanged, compared to its average volume of 95,975. The firm’s fifty day moving average price is $23.55 and its 200-day moving average price is $23.30. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $18.70 and a twelve month high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, April 11th will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Friday, April 11th.

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.