Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 40,400 shares, a decrease of 56.3% from the March 31st total of 92,400 shares. Based on an average trading volume of 224,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several large investors have recently modified their holdings of NFJ. Integrated Capital Management Inc. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 3.4% during the 4th quarter. Integrated Capital Management Inc. now owns 24,405 shares of the investment management company’s stock worth $308,000 after buying an additional 813 shares during the period. Park Avenue Securities LLC boosted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 3.1% during the 4th quarter. Park Avenue Securities LLC now owns 172,932 shares of the investment management company’s stock worth $2,184,000 after acquiring an additional 5,238 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 12.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,927 shares of the investment management company’s stock worth $327,000 after acquiring an additional 2,910 shares in the last quarter. Choreo LLC raised its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.0% in the fourth quarter. Choreo LLC now owns 93,008 shares of the investment management company’s stock valued at $1,178,000 after purchasing an additional 956 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 3.4% during the fourth quarter. Stephens Inc. AR now owns 34,783 shares of the investment management company’s stock valued at $439,000 after purchasing an additional 1,135 shares in the last quarter.

Virtus Dividend, Interest & Premium Strategy Fund Stock Down 0.4 %

NYSE NFJ traded down $0.05 during trading hours on Monday, reaching $11.48. The company’s stock had a trading volume of 52,650 shares, compared to its average volume of 209,698. The firm has a fifty day simple moving average of $11.92 and a 200-day simple moving average of $12.52. Virtus Dividend, Interest & Premium Strategy Fund has a 52 week low of $10.02 and a 52 week high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date of this dividend is Thursday, June 12th.

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.