Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 114,000 shares, a growth of 52.4% from the February 13th total of 74,800 shares. Based on an average daily volume of 218,900 shares, the short-interest ratio is currently 0.5 days.

Virtus Dividend, Interest & Premium Strategy Fund Stock Up 1.4 %

NFJ stock traded up $0.17 during trading on Friday, reaching $12.02. The company had a trading volume of 131,010 shares, compared to its average volume of 204,600. The firm has a 50-day simple moving average of $12.75 and a 200-day simple moving average of $12.81. Virtus Dividend, Interest & Premium Strategy Fund has a twelve month low of $11.72 and a twelve month high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Trading of Virtus Dividend, Interest & Premium Strategy Fund

A number of institutional investors have recently bought and sold shares of NFJ. Saba Capital Management L.P. raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 10.5% during the 4th quarter. Saba Capital Management L.P. now owns 8,165,612 shares of the investment management company’s stock worth $103,132,000 after buying an additional 777,052 shares during the last quarter. Pathstone Holdings LLC raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the 4th quarter. Pathstone Holdings LLC now owns 1,882,886 shares of the investment management company’s stock worth $23,819,000 after buying an additional 193,524 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth approximately $17,092,000. Stifel Financial Corp raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 3.8% during the 4th quarter. Stifel Financial Corp now owns 1,100,076 shares of the investment management company’s stock worth $13,894,000 after buying an additional 40,191 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 0.4% during the 4th quarter. Guggenheim Capital LLC now owns 907,061 shares of the investment management company’s stock worth $11,456,000 after buying an additional 3,562 shares during the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.