Short Interest in Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Decreases By 24.5%

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 12,073 shares, a decrease of 24.5% from the December 15th total of 16,000 shares. Based on an average daily trading volume, of 112,098 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 112,098 shares, the days-to-cover ratio is currently 0.1 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 1.4%

Shares of NYSE:AIO opened at $22.92 on Tuesday. The business has a 50-day moving average of $22.84 and a two-hundred day moving average of $23.77. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.18 and a fifty-two week high of $25.69.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were given a dividend of $1.191 per share. The ex-dividend date of this dividend was Monday, December 29th.

Hedge Funds Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

A number of institutional investors have recently modified their holdings of AIO. Northwestern Mutual Wealth Management Co. acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at $25,000. Cornerstone Planning Group LLC boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% during the third quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock valued at $27,000 after acquiring an additional 1,014 shares during the period. Spire Wealth Management bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter valued at about $32,000. Geneos Wealth Management Inc. acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the third quarter valued at about $43,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $148,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.