Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Break Below Two Hundred Day Moving Average – Time to Sell?

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $14.40 and traded as low as $14.15. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $14.2210, with a volume of 486,412 shares traded.

Virtus Dividend, Interest & Premium Strategy Fund Trading Down 1.9%

The firm has a 50-day moving average of $15.08 and a two-hundred day moving average of $14.40.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a dividend of $0.3050 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.22 annualized dividend and a yield of 8.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC acquired a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 3rd quarter valued at approximately $155,000. Opal Wealth Advisors LLC grew its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 5.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 71,957 shares of the investment management company’s stock valued at $1,083,000 after purchasing an additional 3,882 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 15.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 51,589 shares of the investment management company’s stock valued at $776,000 after purchasing an additional 7,022 shares during the last quarter. Readystate Asset Management LP acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth approximately $1,412,000. Finally, Ameritas Advisory Services LLC acquired a new position in Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter worth approximately $26,000.

About Virtus Dividend, Interest & Premium Strategy Fund

Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end investment fund traded on the New York Stock Exchange under the symbol NFJ. The fund seeks to provide current income and long-term capital appreciation through a portfolio of dividend-paying equity securities, convertible securities and interest-bearing investments.

As part of its premium-income strategy, the fund may write covered call options on selected portfolio holdings. This approach is designed to generate additional option-premium income while maintaining exposure to equity markets.