Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 174.5% in January

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 33,141 shares, a growth of 174.5% from the December 31st total of 12,073 shares. Based on an average trading volume of 163,556 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 163,556 shares, the days-to-cover ratio is presently 0.2 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of AIO opened at $22.71 on Friday. The company’s fifty day moving average is $22.81 and its 200 day moving average is $23.67. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.18 and a fifty-two week high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AIO. NBC Securities Inc. increased its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the fourth quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock worth $156,000 after acquiring an additional 561 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock valued at $27,000 after buying an additional 1,014 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.7% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,983 shares of the company’s stock worth $264,000 after buying an additional 1,239 shares during the last quarter.

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.