Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Down 51.7% in March

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 68,000 shares, a drop of 51.7% from the February 28th total of 140,700 shares. Based on an average daily volume of 98,100 shares, the days-to-cover ratio is presently 0.7 days.

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

Institutional investors have recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the fourth quarter valued at $41,000. Level Four Advisory Services LLC bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter valued at about $203,000. Stockman Wealth Management Inc. purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter valued at about $208,000. World Equity Group Inc. purchased a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter valued at about $259,000. Finally, GWN Securities Inc. bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter worth about $264,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.2 %

Shares of NYSE AIO traded down $0.26 during mid-day trading on Friday, reaching $20.96. 127,342 shares of the company’s stock were exchanged, compared to its average volume of 95,975. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $18.70 and a 52 week high of $25.69. The firm has a 50-day moving average price of $23.55 and a two-hundred day moving average price of $23.30.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, April 11th will be issued a $0.15 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.59%.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.