Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Rises By 9.9%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 162,400 shares, a growth of 9.9% from the December 15th total of 147,800 shares. Based on an average daily trading volume, of 83,700 shares, the short-interest ratio is currently 1.9 days.

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

Hedge funds have recently made changes to their positions in the business. David J Yvars Group grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.1% during the fourth quarter. David J Yvars Group now owns 12,154 shares of the company’s stock worth $300,000 after buying an additional 482 shares during the period. Prospera Financial Services Inc increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.5% in the 3rd quarter. Prospera Financial Services Inc now owns 17,890 shares of the company’s stock valued at $393,000 after purchasing an additional 775 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,409 shares of the company’s stock worth $701,000 after purchasing an additional 1,180 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings 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 purchasing an additional 1,323 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.8% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,290 shares of the company’s stock valued at $402,000 after purchasing an additional 1,473 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of AIO stock traded up $0.15 during mid-day trading on Monday, hitting $24.15. 55,728 shares of the stock were exchanged, compared to its average volume of 86,948. The stock’s fifty day simple moving average is $24.11 and its two-hundred day simple moving average is $22.46. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12-month low of $18.07 and a 12-month high of $25.65.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.45%.

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.