Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Significant Growth in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 57,729 shares, a growth of 211.1% from the June 15th total of 18,554 shares. Based on an average daily trading volume, of 92,286 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors have recently made changes to their positions in AIO. Northwestern Mutual Wealth Management Co. purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the 2nd quarter valued at about $25,000. Fifth Third Bancorp acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the first quarter worth $85,000. NBC Securities Inc. raised its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 8.5% during the 4th quarter. NBC Securities Inc. now owns 7,153 shares of the company’s stock worth $156,000 after acquiring an additional 561 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% during the first quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock worth $154,000 after purchasing an additional 5,295 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 3rd quarter worth $208,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 2.3%

AIO traded down $0.60 during trading on Monday, reaching $26.27. The company’s stock had a trading volume of 40,966 shares, compared to its average volume of 95,993. The firm has a fifty day simple moving average of $26.73 and a two-hundred day simple moving average of $24.12. 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, August 28th. Investors of record on Thursday, August 13th will be given a dividend of $0.18 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Thursday, August 13th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.