Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Stock Jumps 0.9% – Here’s What Happened

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO)’s stock price shot up 0.9% on Tuesday. The company traded as high as $23.55 and last traded at $23.4960. 150,655 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 89,718 shares. The stock had previously closed at $23.28.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.6%

The company’s fifty day moving average is $24.44 and its 200-day moving average is $24.68.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.21 per share. This represents a $2.52 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Thursday, November 12th.

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

Institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. purchased a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter worth about $5,220,000. Advisors Asset Management Inc. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter worth about $3,887,000. Kingswood Wealth Advisors LLC grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 54.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 60,070 shares of the company’s stock worth $1,494,000 after acquiring an additional 21,212 shares during the period. Allspring Global Investments Holdings LLC raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 9.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 243,100 shares of the company’s stock valued at $6,046,000 after acquiring an additional 20,706 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the third quarter valued at approximately $279,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a closed-end investment fund focused on companies positioned to benefit from the development and adoption of artificial intelligence and other technology-related opportunities. The fund seeks to provide investors with total return through a combination of current income and capital appreciation. The fund invests primarily in a portfolio of equity and debt securities issued by companies involved in artificial intelligence, technology, and related industries.