Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 12,073 shares, a decline of 24.5% from the December 15th total of 16,000 shares. Based on an average daily trading volume, of 112,098 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 112,098 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in AIO. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 10.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 133,918 shares of the company’s stock worth $2,913,000 after acquiring an additional 12,276 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter worth approximately $223,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,497 shares of the company’s stock worth $997,000 after purchasing an additional 724 shares during the last quarter. PMG Family Office LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter worth approximately $744,000. Finally, NewEdge Advisors LLC grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 1,563.2% during the third quarter. NewEdge Advisors LLC now owns 12,773 shares of the company’s stock valued at $307,000 after purchasing an additional 12,005 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

AIO traded down $0.33 during midday trading on Friday, hitting $22.92. 154,069 shares of the company’s stock traded hands, compared to its average volume of 162,624. The stock’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $23.79. Virtus Artificial Intelligence & Technology Opportunities Fund has a one year low of $16.18 and a one year high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were issued a $1.191 dividend. The ex-dividend date was Monday, December 29th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.