Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 154.2% in November

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 163,200 shares, a growth of 154.2% from the November 15th total of 64,200 shares. Based on an average trading volume of 76,200 shares, the short-interest ratio is presently 2.1 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.27 during mid-day trading on Thursday, hitting $24.25. The company’s stock had a trading volume of 95,722 shares, compared to its average volume of 106,619. The business has a 50 day moving average price of $23.14 and a 200-day moving average price of $21.77. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.81 and a 12 month high of $25.65.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company 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. This represents a $1.80 annualized dividend and a dividend yield of 7.42%. The ex-dividend date is Thursday, February 13th.

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

Several institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth about $208,000. David J Yvars Group purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter worth about $256,000. IHT Wealth Management LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter valued at approximately $285,000. B. Riley Wealth Advisors Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock valued at $311,000 after acquiring an additional 1,323 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 65.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 16,550 shares of the company’s stock worth $359,000 after acquiring an additional 6,550 shares during the period.

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.