Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Down 9.4% in December

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 147,800 shares, a drop of 9.4% from the November 30th total of 163,200 shares. Based on an average trading volume of 80,700 shares, the days-to-cover ratio is currently 1.8 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of AIO stock traded down $0.29 on Wednesday, hitting $24.66. The company had a trading volume of 73,126 shares, compared to its average volume of 105,887. The company has a 50-day moving average price of $23.73 and a 200-day moving average price of $22.21. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $17.10 and a twelve month high of $25.65.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be given 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 yield of 7.30%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of AIO. David J Yvars Group acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter valued at approximately $256,000. IHT Wealth Management LLC purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter valued at approximately $285,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock worth $311,000 after buying an additional 1,323 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter valued at about $391,000. Finally, Prospera Financial Services Inc grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 4.5% during the 3rd quarter. Prospera Financial Services Inc now owns 17,890 shares of the company’s stock valued at $393,000 after buying an additional 775 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.