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 growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,203 shares, a growth of 70.6% from the July 30th total of 9,496 shares. Based on an average daily trading volume, of 69,635 shares, the days-to-cover ratio is presently 0.2 days.

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

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth $25,000. Continuum Advisory LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter valued at $28,000. Fifth Third Bancorp purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter worth about $85,000. PNC Financial Services Group Inc. lifted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock worth $154,000 after buying an additional 5,295 shares during the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 4th quarter worth about $201,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded up $0.01 on Monday, reaching $26.24. 84,824 shares of the company were exchanged, compared to its average volume of 91,175. The stock’s 50 day moving average price is $26.39 and its 200-day moving average price is $24.93. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $20.91 and a 1-year high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date was Thursday, August 13th.

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.