Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,203 shares, a growth of 70.6% from the July 30th total of 9,496 shares. Based on an average daily trading volume, of 69,635 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter valued at approximately $25,000. Continuum Advisory LLC bought a new position in Virtus Artificial Intelligence & Technology Opportunities Fund during the second quarter worth about $28,000. Fifth Third Bancorp acquired a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter worth $85,000. PNC Financial Services Group Inc. raised its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock valued at $154,000 after buying an additional 5,295 shares during the last quarter. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the fourth quarter valued at about $201,000.
Virtus Artificial Intelligence & Technology Opportunities Fund Trading Down 1.8%
Shares of Virtus Artificial Intelligence & Technology Opportunities Fund stock opened at $25.80 on Wednesday. The business’s 50 day simple moving average is $26.31 and its 200-day simple moving average is $24.97. Virtus Artificial Intelligence & Technology Opportunities Fund has a twelve month low of $20.91 and a twelve month high of $28.60.
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.
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