AIO / AIO: Spotting A Recovery In This Beaten Down CEF, High Risk Remains

Virtus Artificial Intelligence & Technology Opportunities Fund holds unconventional AI-related companies in its top holdings. In this case, AI is not more_horizontal

I am upgrading The Virtus Artificial Intelligence & Technology Opportunities Fund to a buy due to its decent valuation and improved technical outlook. more_horizontal

AIO is marketed as an artificial intelligence fund that pays a high yield. The fund pays an attractive 10.7% forward yield. more_horizontal

AIO had outperformed its 'peers' through 2022, though still down quite significantly for the year. Its portfolio is quite different, with meaningful a more_horizontal

Closed-end funds have generally struggled this year amid rising rates and weak returns from high-duration assets. Artificial Intelligence has been par more_horizontal

Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) invests in a broad spectrum of technologies and sectors embracing the disruptive more_horizontal

This unique fund pays a 10% yield and is trading at a more than -12% discount to NAV. The fund manager was recently replaced and may have a positive i more_horizontal

AIO has been beaten down significantly this year as tech continues to go deeper into bear market territory. The fund is at a deep discount on top of t more_horizontal