Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 205,140 shares, a growth of 146.3% from the June 15th total of 83,300 shares. Based on an average daily trading volume, of 175,146 shares, the days-to-cover ratio is currently 1.2 days.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

NYSE NFJ traded up $0.04 during trading on Tuesday, reaching $15.17. The company’s stock had a trading volume of 27,986 shares, compared to its average volume of 181,982. Virtus Dividend, Interest & Premium Strategy Fund has a 12 month low of $12.25 and a 12 month high of $15.42. The firm has a 50 day moving average price of $14.86 and a 200 day moving average price of $13.83.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.22 annualized dividend and a yield of 8.0%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. WealthShield Partners LLC lifted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1.5% during the 4th quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock worth $630,000 after buying an additional 742 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock worth $101,000 after buying an additional 836 shares during the period. Uhlmann Price Securities LLC grew its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.3% in the fourth quarter. Uhlmann Price Securities LLC now owns 42,151 shares of the investment management company’s stock worth $543,000 after purchasing an additional 967 shares during the last quarter. Resources Management Corp CT ADV acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the first quarter valued at $28,000. Finally, Allied Private Wealth LLC acquired a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at $37,000.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

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.