Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Shares Cross Below Two Hundred Day Moving Average of $12.01

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.01 and traded as low as $11.99. Virtus Dividend, Interest & Premium Strategy Fund shares last traded at $11.99, with a volume of 146,258 shares.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

The company has a 50 day simple moving average of $12.27 and a 200 day simple moving average of $12.01.

Virtus Dividend, Interest & Premium Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.28 per share. This is an increase from Virtus Dividend, Interest & Premium Strategy Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.12 annualized dividend and a yield of 9.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NFJ. Saba Capital Management L.P. raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 56.9% during the third quarter. Saba Capital Management L.P. now owns 2,386,583 shares of the investment management company’s stock worth $27,040,000 after acquiring an additional 865,089 shares in the last quarter. Advisor Partners II LLC acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the third quarter valued at approximately $5,637,000. Allspring Global Investments Holdings LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 9.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,283,082 shares of the investment management company’s stock valued at $41,367,000 after buying an additional 284,217 shares during the period. AQR Arbitrage LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 83.5% in the third quarter. AQR Arbitrage LLC now owns 381,403 shares of the investment management company’s stock valued at $4,321,000 after buying an additional 173,589 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 1,160.0% in the fourth quarter. International Assets Investment Management LLC now owns 181,818 shares of the investment management company’s stock valued at $2,291,000 after buying an additional 167,388 shares during the period.

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.