Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 114,000 shares, a growth of 52.4% from the February 13th total of 74,800 shares. Based on an average trading volume of 218,900 shares, the short-interest ratio is currently 0.5 days.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

Shares of NYSE:NFJ traded up $0.17 during trading on Friday, reaching $12.02. 131,010 shares of the company’s stock traded hands, compared to its average volume of 204,600. Virtus Dividend, Interest & Premium Strategy Fund has a fifty-two week low of $11.72 and a fifty-two week high of $13.30. The company has a 50-day simple moving average of $12.75 and a 200-day simple moving average of $12.81.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date is Thursday, June 12th.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter worth about $26,000. Larson Financial Group LLC boosted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the investment management company’s stock worth $52,000 after buying an additional 2,800 shares during the last quarter. Transce3nd LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter worth about $55,000. Atria Wealth Solutions Inc. acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter worth about $149,000. Finally, Alteri Wealth LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the 4th quarter worth about $154,000.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.