Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Declines By 56.3%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 15,945 shares, a decrease of 56.3% from the February 26th total of 36,462 shares. Based on an average daily volume of 74,680 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling

In other Virtus Artificial Intelligence & Technology Opportunities Fund news, EVP William Patrick Bradley III sold 2,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $21.56, for a total value of $43,120.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

Hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $683,000. Steward Partners Investment Advisory LLC raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 5.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 141,197 shares of the company’s stock valued at $3,505,000 after acquiring an additional 7,497 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $201,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter worth approximately $25,000. Finally, Raymond James Financial Inc. grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock valued at $2,669,000 after purchasing an additional 8,776 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock traded down $0.48 during trading on Friday, reaching $21.11. The company’s stock had a trading volume of 153,993 shares, compared to its average volume of 109,537. The company has a 50-day moving average price of $22.45 and a two-hundred day moving average price of $23.09. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.18 and a fifty-two week high of $25.47.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 8.5%.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.