The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is experiencing upward momentum, driven by renewed investor interest in artificial intelligence (AI) and technology sectors. Recent discussions highlight AI's potential to enhance efficiencies across various industries, including healthcare, which has historically underperformed. This optimism is likely contributing to increased investor confidence in AI-focused funds. Additionally, the recent volatility in equity markets, marked by a significant spike in the CBOE's VIX Index, has led to a repricing of megacap tech stocks. This repricing is seen as a stabilization opportunity for AI-driven companies, further boosting the attractiveness of technology-focused investments.
The AIO ETF rose to $23.89, marking a 1.06% increase from its previous close as of 2:30 PM ET on December 20th.