Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 205,140 shares, a growth of 146.3% from the June 15th total of 83,300 shares. Based on an average trading volume of 175,146 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Several large investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the first quarter worth $28,000. Allied Private Wealth LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at $37,000. Allworth Financial LP grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 431.2% in the 4th quarter. Allworth Financial LP now owns 3,235 shares of the investment management company’s stock valued at $42,000 after acquiring an additional 2,626 shares during the period. Western Wealth Management LLC bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 1st quarter valued at about $90,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after acquiring an additional 836 shares during the period.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

NYSE NFJ traded up $0.04 during trading hours on Tuesday, hitting $15.17. 27,986 shares of the company traded hands, compared to its average volume of 181,982. The business’s 50-day moving average is $14.86 and its 200-day moving average is $13.83. Virtus Dividend, Interest & Premium Strategy Fund has a twelve month low of $12.25 and a twelve month high of $15.42.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a dividend of $0.305 per share. The ex-dividend date was Monday, June 15th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.0%.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.