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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 103,700 shares, an increase of 42.4% from the October 15th total of 72,800 shares. Based on an average daily trading volume, of 74,000 shares, the days-to-cover ratio is presently 1.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

AIO stock traded down $0.24 during mid-day trading on Friday, hitting $22.48. The stock had a trading volume of 85,184 shares, compared to its average volume of 108,165. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $16.60 and a 52 week high of $23.94. The firm has a fifty day simple moving average of $22.10 and a 200 day simple moving average of $21.21.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.01%.

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

A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 3.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 534,702 shares of the company’s stock worth $11,747,000 after buying an additional 19,458 shares during the period. Sanctuary Advisors LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $2,209,000. Cambridge Investment Research Advisors Inc. boosted its position in 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 worth $1,529,000 after buying an additional 7,767 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 7.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 48,370 shares of the company’s stock worth $1,063,000 after buying an additional 3,171 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $815,000.

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.