Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Sees Significant Growth in Short Interest

by · The Markets Daily

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO – Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 33,141 shares, an increase of 174.5% from the December 31st total of 12,073 shares. Based on an average daily volume of 163,556 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 163,556 shares, the short-interest ratio is presently 0.2 days.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Performance

NYSE AIO opened at $22.71 on Friday. Virtus Artificial Intelligence & Technology Opportunities Fund has a fifty-two week low of $16.18 and a fifty-two week high of $25.69. The business has a 50 day moving average price of $22.81 and a two-hundred day moving average price of $23.67.

Virtus Artificial Intelligence & Technology Opportunities Fund Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were paid a $1.191 dividend. The ex-dividend date was Monday, December 29th.

Institutional Investors Weigh In On Virtus Artificial Intelligence & Technology Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the second quarter worth $25,000. Cornerstone Planning Group LLC grew its position in shares of Virtus Artificial Intelligence & Technology Opportunities Fund by 994.1% during the third quarter. Cornerstone Planning Group LLC now owns 1,116 shares of the company’s stock worth $27,000 after acquiring an additional 1,014 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter worth about $32,000. Geneos Wealth Management Inc. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 3rd quarter valued at about $43,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Virtus Artificial Intelligence & Technology Opportunities Fund in the 2nd quarter valued at about $148,000.

Virtus Artificial Intelligence & Technology Opportunities Fund Company Profile

(Get Free Report)

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.

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