Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Share Price Passes Above 50 Day Moving Average – What’s Next?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.48 and traded as high as $12.78. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $12.76, with a volume of 184,409 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Trading Up 1.1%

The business has a 50-day moving average price of $12.48 and a 200-day moving average price of $12.23.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Comprehensive Money Management Services LLC acquired a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter worth $371,000. Saba Capital Management L.P. raised its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 10.5% during the fourth quarter. Saba Capital Management L.P. now owns 8,165,612 shares of the investment management company’s stock worth $103,132,000 after purchasing an additional 777,052 shares during the period. Pathstone Holdings LLC grew its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the fourth quarter. Pathstone Holdings LLC now owns 1,882,886 shares of the investment management company’s stock valued at $23,819,000 after buying an additional 193,524 shares in the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 123.1% during the fourth quarter. Capstone Investment Advisors LLC now owns 526,672 shares of the investment management company’s stock valued at $6,652,000 after buying an additional 290,552 shares in the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter valued at $154,000.

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.