Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 9.9% in January

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 162,400 shares, a growth of 9.9% from the December 31st total of 147,800 shares. Based on an average daily trading volume, of 83,700 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter valued at about $41,000. Stockman Wealth Management Inc. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 4th quarter worth approximately $208,000. Serenus Wealth Advisors LLC acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the 4th quarter worth approximately $545,000. DAVENPORT & Co LLC acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter valued at approximately $806,000. Finally, Kingswood Wealth Advisors LLC increased its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.1% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 22,455 shares of the company’s stock valued at $554,000 after acquiring an additional 4,504 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE:AIO traded down $0.47 during trading on Monday, reaching $24.55. 90,162 shares of the company traded hands, compared to its average volume of 109,289. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $18.67 and a 52 week high of $25.65. The company’s 50 day moving average is $24.44 and its two-hundred day moving average is $22.66.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Thursday, February 13th.

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.