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

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 92,400 shares, a drop of 42.7% from the March 15th total of 161,300 shares. Based on an average trading volume of 226,600 shares, the days-to-cover ratio is presently 0.4 days.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

NFJ opened at $11.15 on Thursday. Virtus Dividend, Interest & Premium Strategy Fund has a 12 month low of $10.02 and a 12 month high of $13.30. The stock has a fifty day moving average price of $12.15 and a 200-day moving average price of $12.60.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 10.94%. The ex-dividend date is Thursday, June 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NFJ. Integrated Capital Management Inc. grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 3.4% in the fourth quarter. Integrated Capital Management Inc. now owns 24,405 shares of the investment management company’s stock worth $308,000 after purchasing an additional 813 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 3.1% in the 4th quarter. Park Avenue Securities LLC now owns 172,932 shares of the investment management company’s stock worth $2,184,000 after purchasing an additional 5,238 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Virtus Dividend, Interest & Premium Strategy Fund by 12.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,927 shares of the investment management company’s stock worth $327,000 after buying an additional 2,910 shares during the last quarter. Choreo LLC increased its position in Virtus Dividend, Interest & Premium Strategy Fund by 1.0% during the 4th quarter. Choreo LLC now owns 93,008 shares of the investment management company’s stock valued at $1,178,000 after buying an additional 956 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 3.4% in the fourth quarter. Stephens Inc. AR now owns 34,783 shares of the investment management company’s stock valued at $439,000 after buying an additional 1,135 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.