Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Increases By 211.1%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 57,729 shares, an increase of 211.1% from the June 15th total of 18,554 shares. Based on an average daily trading volume, of 92,286 shares, the days-to-cover ratio is currently 0.6 days.

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

Several large investors have recently modified their holdings of AIO. Cetera Investment Advisers purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at approximately $683,000. Northwestern Mutual Wealth Management Co. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at $25,000. Raymond James Financial Inc. lifted its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.9% during the second quarter. Raymond James Financial Inc. now owns 107,535 shares of the company’s stock worth $2,669,000 after acquiring an additional 8,776 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $275,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 290,542 shares of the company’s stock worth $7,212,000 after acquiring an additional 24,009 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 1.2%

Shares of NYSE AIO traded up $0.30 during trading on Tuesday, reaching $26.59. 78,716 shares of the stock traded hands, compared to its average volume of 95,916. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $20.91 and a 52-week high of $28.60. The company has a 50-day moving average of $26.76 and a 200-day moving average of $24.14.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

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

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.