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

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.6% in the 4th quarter. Bank of America Corp DE now owns 612,345 shares of the company’s stock valued at $15,100,000 after purchasing an additional 53,449 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.6% in the 4th quarter. Advisors Asset Management Inc. now owns 548,499 shares of the company’s stock valued at $13,526,000 after purchasing an additional 13,797 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 2.8% in the fourth quarter. Ameriprise Financial Inc. now owns 253,052 shares of the company’s stock valued at $6,240,000 after buying an additional 6,975 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 9.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 127,600 shares of the company’s stock worth $3,147,000 after buying an additional 11,513 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund during the fourth quarter worth $2,272,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE AIO traded down $0.26 during trading hours on Friday, hitting $20.96. 127,342 shares of the stock were exchanged, compared to its average volume of 95,975. The company’s fifty day simple moving average is $23.55 and its two-hundred day simple moving average is $23.30. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $18.70 and a 1-year high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

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

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.