Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Cross Below 50 Day Moving Average – Should You Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.84 and traded as low as $12.58. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.67, with a volume of 661,973 shares trading hands.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

The stock’s 50 day simple moving average is $12.84 and its two-hundred day simple moving average is $12.70.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 9.66%. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 1,204.0% in the third quarter. International Assets Investment Management LLC now owns 209,944 shares of the investment management company’s stock valued at $2,738,000 after acquiring an additional 193,844 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 3rd quarter valued at $236,000. Occidental Asset Management LLC boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 8.4% in the 3rd quarter. Occidental Asset Management LLC now owns 16,766 shares of the investment management company’s stock worth $219,000 after purchasing an additional 1,293 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the second quarter worth $2,179,000. Finally, Integrated Capital Management Inc. increased its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 6.5% in the third quarter. Integrated Capital Management Inc. now owns 23,592 shares of the investment management company’s stock valued at $308,000 after purchasing an additional 1,440 shares during the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.