Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Rating) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 16,700 shares, a decline of 24.1% from the February 13th total of 22,000 shares. Based on an average daily trading volume, of 262,400 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.1% in the 4th quarter. Bank of America Corp DE now owns 3,141,017 shares of the investment management company's stock worth $35,431,000 after buying an additional 63,550 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 24.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,951,974 shares of the investment management company's stock valued at $33,298,000 after acquiring an additional 573,678 shares during the period. Advisors Asset Management Inc. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 4.3% during the third quarter. Advisors Asset Management Inc. now owns 1,874,380 shares of the investment management company's stock valued at $20,018,000 after purchasing an additional 77,526 shares in the last quarter. 1607 Capital Partners LLC grew its position in Virtus Dividend, Interest & Premium Strategy Fund by 1.0% in the third quarter. 1607 Capital Partners LLC now owns 1,251,028 shares of the investment management company's stock worth $13,361,000 after acquiring an additional 12,000 shares in the last quarter. Finally, UBS Group AG grew its position in Virtus Dividend, Interest & Premium Strategy Fund by 7.4% in the first quarter. UBS Group AG now owns 759,800 shares of the investment management company's stock worth $10,934,000 after acquiring an additional 52,461 shares in the last quarter.
Get Virtus Dividend Interest & Premium Strategy Fund alerts:Virtus Dividend, Interest & Premium Strategy Fund Trading Down 1.1 %
Shares of NYSE NFJ opened at $11.37 on Friday. Virtus Dividend, Interest & Premium Strategy Fund has a fifty-two week low of $10.43 and a fifty-two week high of $14.68. The stock has a fifty day moving average of $12.05 and a 200-day moving average of $11.69.
Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Monday, March 13th will be issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, March 10th.
Virtus Dividend, Interest & Premium Strategy Fund Company Profile
(Get Rating)
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 Greenfield, MA.
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