Short Interest in Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Rises By 368.7%

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 356,200 shares, an increase of 368.7% from the December 15th total of 76,000 shares. Based on an average trading volume of 196,500 shares, the short-interest ratio is currently 1.8 days.

Virtus Dividend, Interest & Premium Strategy Fund Trading Down 0.1 %

NFJ stock traded down $0.01 during trading on Monday, hitting $12.45. 298,128 shares of the company traded hands, compared to its average volume of 232,575. The company has a 50-day moving average of $12.82 and a 200-day moving average of $12.73. Virtus Dividend, Interest & Premium Strategy Fund has a 1 year low of $11.72 and a 1 year high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 4,000 shares of the investment management company’s stock valued at $52,000 after buying an additional 2,800 shares during the period. Occidental Asset Management LLC lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 8.4% during the third quarter. Occidental Asset Management LLC now owns 16,766 shares of the investment management company’s stock valued at $219,000 after buying an additional 1,293 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter valued at $236,000. Integrated Capital Management Inc. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 6.5% in the 3rd quarter. Integrated Capital Management Inc. now owns 23,592 shares of the investment management company’s stock worth $308,000 after buying an additional 1,440 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 3rd quarter worth about $339,000.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.