Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 42.4% in October

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 103,700 shares, a growth of 42.4% from the October 15th total of 72,800 shares. Based on an average daily volume of 74,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

Several institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 45.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 24,150 shares of the company’s stock worth $531,000 after purchasing an additional 7,600 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 10.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 14,345 shares of the company’s stock worth $311,000 after purchasing an additional 1,323 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $2,209,000. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth about $815,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Virtus Artificial Intelligence & Technology Opportunities Fund by 12.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,427 shares of the company’s stock valued at $1,529,000 after buying an additional 7,767 shares during the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 1.1 %

Shares of AIO traded down $0.24 during trading hours on Friday, reaching $22.48. 85,184 shares of the stock traded hands, compared to its average volume of 108,165. The company’s 50-day moving average price is $22.10 and its two-hundred day moving average price is $21.21. Virtus Artificial Intelligence & Technology Opportunities Fund has a 52-week low of $16.60 and a 52-week high of $23.94.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date is Tuesday, November 12th.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company’s debt and equity in order to offer an attractive risk/reward profile.