Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Update

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIOGet Free Report) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 24,829 shares, a decrease of 57.0% from the June 30th total of 57,729 shares. Based on an average trading volume of 66,901 shares, the short-interest ratio is currently 0.4 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE AIO traded down $0.33 during trading hours on Tuesday, hitting $24.96. 101,320 shares of the stock were exchanged, compared to its average volume of 93,797. The company’s fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $24.41. Virtus Artificial Intelligence & Technology Opportunities Fund has a 1-year low of $20.91 and a 1-year high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, August 13th.

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

A number of institutional investors have recently modified their holdings of AIO. Bank of America Corp DE boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 11.1% in the third quarter. Bank of America Corp DE now owns 839,642 shares of the company’s stock valued at $20,177,000 after buying an additional 84,015 shares in the last quarter. UBS Group AG raised its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 6.6% during the third quarter. UBS Group AG now owns 477,626 shares of the company’s stock worth $11,477,000 after acquiring an additional 29,408 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% in the fourth quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock worth $9,300,000 after acquiring an additional 88,080 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 369,920 shares of the company’s stock worth $8,890,000 after acquiring an additional 79,378 shares during the last quarter. Finally, Saba Capital Management L.P. acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at approximately $5,220,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

(Get Free Report)

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.

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