Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Short Interest Up 211.1% in June

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 57,729 shares, an increase of 211.1% from the June 15th total of 18,554 shares. Based on an average trading volume of 92,286 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AIO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 7.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,737 shares of the company’s stock worth $358,000 after acquiring an additional 908 shares during the period. Saba Capital Management L.P. acquired a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 1st quarter valued at $5,220,000. First Trust Advisors LP grew its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 14.5% during the 1st quarter. First Trust Advisors LP now owns 51,010 shares of the company’s stock valued at $1,092,000 after acquiring an additional 6,477 shares during the period. PNC Financial Services Group Inc. grew its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 279.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,190 shares of the company’s stock valued at $154,000 after purchasing an additional 5,295 shares during the period. Finally, Calamos Advisors LLC increased its holdings in Virtus Artificial Intelligence & Technology Opportunities Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 33,363 shares of the company’s stock worth $714,000 after acquiring an additional 3,970 shares in the last quarter.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

Shares of NYSE AIO traded down $0.60 during trading hours on Monday, hitting $26.27. 40,966 shares of the company traded hands, compared to its average volume of 95,993. The company’s 50 day moving average price is $26.73 and its 200 day moving average price is $24.12. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $20.91 and a 12 month high of $28.60.

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

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.