Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Significant Decrease in Short Interest

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 9,496 shares, a decrease of 61.8% from the July 15th total of 24,829 shares. Based on an average daily trading volume, of 76,898 shares, the days-to-cover ratio is currently 0.1 days.

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

Large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 14.5% in the 1st quarter. First Trust Advisors LP now owns 51,010 shares of the company’s stock worth $1,092,000 after buying an additional 6,477 shares during the period. PNC Financial Services Group Inc. increased its stake 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 worth $154,000 after buying an additional 5,295 shares in the last quarter. Calamos Advisors LLC raised its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 33,363 shares of the company’s stock valued at $714,000 after acquiring an additional 3,970 shares during the period. Fifth Third Bancorp purchased a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter valued at about $85,000. Finally, PMG Family Office LLC boosted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 12.0% in the first quarter. PMG Family Office LLC now owns 36,820 shares of the company’s stock worth $788,000 after acquiring an additional 3,936 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Up 0.4%

NYSE AIO opened at $26.72 on Friday. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52 week low of $20.91 and a 52 week high of $28.60. The stock’s 50-day moving average price is $26.58 and its 200-day moving average price is $24.65.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Investors of record on Thursday, August 13th will be issued a $0.18 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, August 13th.

About Virtus Artificial Intelligence & Technology Opportunities Fund

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.