Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Sees Significant Growth in Short Interest

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 46,534 shares, a growth of 500.5% from the August 15th total of 7,749 shares. Based on an average daily volume of 111,733 shares, the short-interest ratio is currently 0.4 days.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

Shares of NFJ traded up $0.20 during mid-day trading on Friday, hitting $15.69. The company’s stock had a trading volume of 171,863 shares, compared to its average volume of 184,808. The company’s 50-day moving average is $15.39 and its 200-day moving average is $14.46. Virtus Dividend, Interest & Premium Strategy Fund has a 52-week low of $12.25 and a 52-week high of $15.75.

Get Virtus Dividend Interest & Premium Strategy Fund alerts:

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.22 dividend on an annualized basis and a yield of 7.8%.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 2nd quarter valued at $26,000. Resources Management Corp CT ADV purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 1st quarter worth $28,000. Allied Private Wealth LLC bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the second quarter valued at about $37,000. Allworth Financial LP boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 431.2% during the fourth quarter. Allworth Financial LP now owns 3,235 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 2,626 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at about $86,000.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

(Get Free Report)

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.

Featured Stories

• Five stocks we like better than Virtus Dividend, Interest & Premium Strategy Fund
• Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
• Optical Cable Corporation Is Starting to Get the Market’s Attention
• Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
• Is Nike’s Index Demotion a Warning or a Buying Opportunity?

Receive News & Ratings for Virtus Dividend Interest & Premium Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Dividend Interest & Premium Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.