Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Stock Short Interest Report for September

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 515,445 shares, a growth of 214.2% from the September 15th total of 164,041 shares. Based on an average daily volume of 325,815 shares, the short-interest ratio is currently 1.6 days.

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

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Virtus Dividend, Interest & Premium Strategy Fund by 15.8% during the third quarter. Farther Finance Advisors LLC now owns 51,589 shares of the investment management company’s stock worth $776,000 after acquiring an additional 7,022 shares during the last quarter. Readystate Asset Management LP purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at approximately $1,412,000. Ameritas Advisory Services LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at approximately $26,000. M Holdings Securities Inc. raised its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 4.8% in the second quarter. M Holdings Securities Inc. now owns 16,988 shares of the investment management company’s stock valued at $256,000 after buying an additional 783 shares during the period. Finally, Pointe Capital Management LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at approximately $645,000.

Virtus Dividend, Interest & Premium Strategy Fund Stock Up 0.6%

Shares of Virtus Dividend, Interest & Premium Strategy Fund stock opened at $15.00 on Wednesday. The company has a 50-day moving average of $15.33 and a two-hundred day moving average of $14.79. Virtus Dividend, Interest & Premium Strategy Fund has a 12-month low of $12.25 and a 12-month high of $15.75.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were issued a dividend of $0.3050 per share. The ex-dividend date was Monday, September 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.1%.

About Virtus Dividend, Interest & Premium Strategy Fund

Virtus Dividend, Interest & Premium Strategy Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol NFJ. The fund seeks to provide current income and long-term capital appreciation through a diversified portfolio of income-producing securities.

The fund generally invests across three primary areas: dividend-paying common stocks, convertible securities and below-investment-grade corporate bonds. It also uses an options strategy, including writing covered call options, to generate additional premium income and potentially manage portfolio risk.