Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large 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 daily volume of 89,600 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 89,600 shares, the short-interest ratio is presently 0.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 0.9%

NYSE:AIO traded down $0.20 during trading hours on Friday, reaching $21.70. 54,307 shares of the company’s stock were exchanged, compared to its average volume of 114,498. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $16.18 and a 12 month high of $25.47. The business’s 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $23.28.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% during the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after purchasing an additional 84,015 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 4.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 514,514 shares of the company’s stock valued at $12,770,000 after buying an additional 23,695 shares during the period. UBS Group AG grew its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% during the 3rd quarter. UBS Group AG now owns 477,626 shares of the company’s stock valued at $11,477,000 after acquiring an additional 29,408 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% in the fourth 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 last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the third 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.

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.