Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Rating) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 22,900 shares, a decrease of 71.7% from the December 31st total of 80,800 shares. Based on an average daily trading volume, of 290,500 shares, the days-to-cover ratio is currently 0.1 days.
Virtus Dividend, Interest & Premium Strategy Fund Trading Up 0.9 %
Shares of NYSE:NFJ traded up $0.11 during trading on Thursday, reaching $12.19. 184,622 shares of the stock traded hands, compared to its average volume of 251,437. The stock has a 50-day moving average of $11.66 and a two-hundred day moving average of $11.80. Virtus Dividend, Interest & Premium Strategy Fund has a 52-week low of $10.43 and a 52-week high of $15.04.
Get Virtus Dividend Interest & Premium Strategy Fund alerts:Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Monday, March 13th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Friday, March 10th.
Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 16.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 35,086 shares of the investment management company's stock worth $405,000 after purchasing an additional 4,882 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth approximately $482,000. Stephens Inc. AR purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth approximately $145,000. Vanguard Capital Wealth Advisors purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth approximately $133,000. Finally, Wolverine Asset Management LLC purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth approximately $1,254,000.About Virtus Dividend, Interest & Premium Strategy Fund
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Virtus AllianzGI Dividend, Interest & Premium Strategy Fund is a closed-end investment fund. It seeks current income and gains, with a secondary objective of long-term capital appreciation. The company was founded on August 20, 2003 and is headquartered in New York, NY.
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