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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a large decrease in short interest in the month of 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 trading volume of 74,680 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at Virtus Artificial Intelligence & Technology Opportunities Fund

In other Virtus Artificial Intelligence & Technology Opportunities Fund news, EVP William Patrick Bradley III sold 2,000 shares of the firm’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

Several hedge funds have recently added to or reduced their stakes in AIO. Readystate Asset Management LP increased its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 773.8% during the 4th quarter. Readystate Asset Management LP now owns 139,148 shares of the company’s stock valued at $3,026,000 after purchasing an additional 123,224 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter worth approximately $201,000. Evolve Private Wealth LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter worth approximately $254,000. Cetera Investment Advisers boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 26.0% in the fourth quarter. Cetera Investment Advisers now owns 51,644 shares of the company’s stock worth $1,123,000 after buying an additional 10,641 shares in the last quarter. Finally, &PARTNERS boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 246.5% in the fourth quarter. &PARTNERS now owns 50,131 shares of the company’s stock worth $1,090,000 after buying an additional 35,662 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE:AIO traded down $0.53 on Thursday, hitting $21.56. The company’s stock had a trading volume of 91,099 shares, compared to its average volume of 108,772. The company has a 50-day simple moving average of $22.52 and a 200 day simple moving average of $23.13. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1 year low of $16.18 and a 1 year high of $25.47.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently disclosed 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 is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 8.4%.

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.