Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Grows By 42.4%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large increase in short interest during 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 trading volume of 74,000 shares, the short-interest ratio is currently 1.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

AIO stock traded down $0.24 during midday trading on Friday, hitting $22.48. The company’s stock had a trading volume of 85,184 shares, compared to its average volume of 108,165. The firm’s 50-day moving average is $22.10 and its 200-day moving average is $21.21. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.60 and a 12 month high of $23.94.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.80 annualized dividend and a dividend yield of 8.01%.

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. Advisors Asset Management Inc. raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 534,702 shares of the company’s stock valued at $11,747,000 after purchasing an additional 19,458 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at about $2,209,000. Cambridge Investment Research Advisors Inc. grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,427 shares of the company’s stock valued at $1,529,000 after buying an additional 7,767 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 7.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 48,370 shares of the company’s stock valued at $1,063,000 after purchasing an additional 3,171 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter valued at about $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.