Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Increases By 106.7%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 36,462 shares, a growth of 106.7% from the February 12th total of 17,640 shares. Based on an average trading volume of 89,600 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 89,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Several hedge funds have recently modified their holdings of AIO. Bank of America Corp DE increased its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% during the 3rd quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock worth $20,177,000 after purchasing an additional 84,015 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock worth $12,770,000 after purchasing an additional 23,695 shares during the period. UBS Group AG lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% in the third quarter. UBS Group AG now owns 477,626 shares of the company’s stock valued at $11,477,000 after purchasing an additional 29,408 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% during the 4th quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock worth $9,300,000 after acquiring an additional 88,080 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock worth $8,890,000 after acquiring an additional 79,378 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.39 during mid-day trading on Thursday, reaching $21.99. 43,877 shares of the company were exchanged, compared to its average volume of 114,576. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.18 and a 12 month high of $25.47. The company has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $23.30.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 11th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Monday, May 11th.

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.