Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Significant Decrease in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,496 shares, a decline of 61.8% from the July 15th total of 24,829 shares. Based on an average daily volume of 76,898 shares, the short-interest ratio is currently 0.1 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.4%

Shares of AIO opened at $26.72 on Friday. The firm has a fifty day simple moving average of $26.58 and a two-hundred day simple moving average of $24.65. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $20.91 and a 1-year high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at about $25,000. Fifth Third Bancorp purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 1st quarter valued at about $85,000. PNC Financial Services Group Inc. lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock worth $154,000 after purchasing an additional 5,295 shares during the period. NBC Securities Inc. lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% in the 4th quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock worth $156,000 after purchasing an additional 561 shares during the period. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the fourth quarter worth approximately $201,000.

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.