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

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 20,028 shares, a decrease of 54.6% from the August 31st total of 44,142 shares. Based on an average daily volume of 60,091 shares, the days-to-cover ratio is currently 0.3 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Up 0.7%

NYSE:AIO traded up $0.18 during mid-day trading on Tuesday, reaching $25.17. 134,268 shares of the stock were exchanged, compared to its average volume of 88,449. The company has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $25.32. 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, November 27th. Stockholders of record on Thursday, November 12th will be issued a $0.21 dividend. This represents a $2.52 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Thursday, November 12th.

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

A number of institutional investors have recently modified their holdings of the business. Saba Capital Management L.P. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter valued at about $5,220,000. Landscape Capital Management L.L.C. purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter worth about $3,351,000. First Trust Advisors LP increased its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 14.5% in the 1st quarter. First Trust Advisors LP now owns 51,010 shares of the company’s stock valued at $1,092,000 after acquiring an additional 6,477 shares during the period. PMG Family Office LLC increased its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.0% in the 1st quarter. PMG Family Office LLC now owns 36,820 shares of the company’s stock valued at $788,000 after acquiring an additional 3,936 shares during the period. Finally, Calamos Advisors LLC raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 33,363 shares of the company’s stock valued at $714,000 after acquiring an additional 3,970 shares during the last quarter.

About Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus Artificial Intelligence & Technology Opportunities Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AIO. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities of companies involved in artificial intelligence, technology, and related industries. Its portfolio may include businesses developing or using artificial intelligence, cloud computing, data analytics, semiconductors, software, automation, and other technology products and services.