Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Down 27.7% in February

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 74,800 shares, a decline of 27.7% from the January 31st total of 103,500 shares. Based on an average daily volume of 220,400 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 1,204.0% in the 3rd quarter. International Assets Investment Management LLC now owns 209,944 shares of the investment management company’s stock worth $2,738,000 after buying an additional 193,844 shares during the last quarter. Stephens Inc. AR boosted its stake in Virtus Dividend, Interest & Premium Strategy Fund by 10.5% in the 3rd quarter. Stephens Inc. AR now owns 33,648 shares of the investment management company’s stock worth $439,000 after purchasing an additional 3,205 shares during the period. Shaker Financial Services LLC bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the 3rd quarter worth approximately $388,000. Beckerman Institutional LLC purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth approximately $750,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth approximately $339,000.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

Shares of NFJ traded down $0.07 during trading hours on Tuesday, hitting $12.58. The company had a trading volume of 221,370 shares, compared to its average volume of 204,586. The firm has a fifty day moving average price of $12.79 and a 200-day moving average price of $12.84. Virtus Dividend, Interest & Premium Strategy Fund has a 52-week low of $11.72 and a 52-week high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

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.