Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Shares Up 0.9% – Here’s What Happened

Shares of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) shot up 0.9% during trading on Thursday . The company traded as high as $28.23 and last traded at $27.91. 85,108 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 98,000 shares. The stock had previously closed at $27.67.

Virtus Artificial Intelligence & Technology Opportunities Fund Price Performance

The company’s fifty day moving average is $26.16 and its 200-day moving average is $23.80.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be paid a $0.18 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of Virtus Artificial Intelligence & Technology Opportunities Fund

A number of hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. purchased a new position in Virtus Artificial Intelligence & Technology Opportunities Fund in the first quarter worth about $5,220,000. Landscape Capital Management L.L.C. bought a new position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 4th quarter worth approximately $3,351,000. Readystate Asset Management LP lifted its stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 773.8% in the 4th quarter. Readystate Asset Management LP now owns 139,148 shares of the company’s stock worth $3,026,000 after purchasing an additional 123,224 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 150.4% in the fourth quarter. Wolverine Asset Management LLC now owns 165,881 shares of the company’s stock worth $3,608,000 after buying an additional 99,630 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Virtus Artificial Intelligence & Technology Opportunities Fund by 25.9% during the fourth quarter. Royal Bank of Canada now owns 427,602 shares of the company’s stock valued at $9,300,000 after buying an additional 88,080 shares during the period.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

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.