Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Sees Large Decline in Short Interest

27 Mar 2026, 22:41 by Sarita Garza · The Markets Daily

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ – Get Free Report) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 88,353 shares, a decline of 42.5% from the February 26th total of 153,611 shares. Based on an average trading volume of 218,519 shares, the short-interest ratio is currently 0.4 days.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 123,765 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were bought at an average cost of $13.51 per share, with a total value of $1,672,065.15. Following the transaction, the insider owned 9,734,470 shares in the company, valued at approximately $131,512,689.70. This trade represents a 1.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 459,480 shares of company stock worth $6,169,936.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fund Advisors of America Inc FL purchased a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the fourth quarter worth approximately $742,000. NewEdge Advisors LLC increased its stake in Virtus Dividend, Interest & Premium Strategy Fund by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 104,722 shares of the investment management company’s stock valued at $1,350,000 after purchasing an additional 5,503 shares during the last quarter. Saba Capital Management L.P. raised its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 15.1% during the fourth quarter. Saba Capital Management L.P. now owns 8,640,031 shares of the investment management company’s stock worth $111,370,000 after purchasing an additional 1,132,073 shares in the last quarter. Readystate Asset Management LP raised its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 41.1% during the fourth quarter. Readystate Asset Management LP now owns 32,530 shares of the investment management company’s stock worth $419,000 after purchasing an additional 9,471 shares in the last quarter. Finally, Ionic Capital Management LLC purchased a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the 4th quarter worth approximately $516,000.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

Shares of NFJ stock traded down $0.12 on Friday, reaching $12.35. 261,292 shares of the stock were exchanged, compared to its average volume of 191,678. The business’s 50 day moving average price is $13.26 and its 200 day moving average price is $13.05. Virtus Dividend, Interest & Premium Strategy Fund has a twelve month low of $10.02 and a twelve month high of $13.92.

Virtus Dividend, Interest & Premium Strategy Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, March 16th.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

(Get Free Report)

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.