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 decrease in short interest during the month of January. As of January 15th, there was short interest totaling 34,496 shares, a decrease of 63.9% from the December 31st total of 95,632 shares. Based on an average daily trading volume, of 216,545 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 216,545 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.7% in the second quarter. Bank of America Corp DE now owns 3,387,545 shares of the investment management company’s stock valued at $42,006,000 after purchasing an additional 88,073 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,651,888 shares of the investment management company’s stock valued at $21,293,000 after purchasing an additional 21,807 shares during the period. Invesco Ltd. lifted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 1.3% in the third quarter. Invesco Ltd. now owns 1,494,480 shares of the investment management company’s stock worth $19,443,000 after purchasing an additional 19,568 shares during the period. Advisors Asset Management Inc. raised its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 8.9% during the second quarter. Advisors Asset Management Inc. now owns 1,404,320 shares of the investment management company’s stock worth $17,414,000 after purchasing an additional 114,811 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 25.0% during the third quarter. Penserra Capital Management LLC now owns 491,498 shares of the investment management company’s stock worth $6,394,000 after purchasing an additional 98,415 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Stock Up 0.3%

Shares of NYSE NFJ opened at $13.50 on Wednesday. Virtus Dividend, Interest & Premium Strategy Fund has a 1-year low of $10.02 and a 1-year high of $13.56. The business’s fifty day moving average price is $13.03 and its two-hundred day moving average price is $12.92.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Thursday, December 11th were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Thursday, December 11th.

About Virtus Dividend, Interest & Premium Strategy Fund

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.