Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 119.2% in March

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 34,954 shares, an increase of 119.2% from the March 15th total of 15,945 shares. Based on an average daily trading volume, of 95,746 shares, the short-interest ratio is currently 0.4 days.

Insider Activity at Virtus Artificial Intelligence & Technology Opportunities Fund

In other news, EVP William Patrick Bradley III sold 2,000 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $21.56, for a total transaction of $43,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after purchasing an additional 84,015 shares in the last quarter. UBS Group AG grew its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% in the third quarter. UBS Group AG now owns 477,626 shares of the company’s stock valued at $11,477,000 after purchasing an additional 29,408 shares in the last quarter. Royal Bank of Canada lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% in the 4th quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock valued at $9,300,000 after purchasing an additional 88,080 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock valued at $8,890,000 after purchasing an additional 79,378 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 150.4% in the 4th quarter. Wolverine Asset Management LLC now owns 165,881 shares of the company’s stock valued at $3,608,000 after purchasing an additional 99,630 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.8%

AIO stock traded up $0.19 during mid-day trading on Monday, reaching $23.38. The company had a trading volume of 66,160 shares, compared to its average volume of 106,156. The stock has a 50 day simple moving average of $22.33 and a two-hundred day simple moving average of $22.91. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $18.70 and a 52 week high of $25.47.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 11th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, May 11th.

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.