Potential Short Squeeze Looms for Virtus Dividend Fund (NFJ)

In the past 20 years (since 2005 with the introduction of RegSho), short selling has come under scrutiny as millions of retail investors have discovered what we have been highlighting since early 2005. Market makers abuse the “market maker’s exemption” and short excessive amounts of shares in your stock without locating, borrowing, paying the rebate or the interest rate to borrow. They are required to cover on the same trading day, and our data proves they do not.

The chart below shows “Daily Short Volume” in Virtus Dividend, Interest & Premium Strategy Fund (NFJ), and includes both EXEMPT (market makers) and NON-EXEMPT (everyone else) short sales. We consolidate the tape of all 14 US stock exchanges and purchase the “sell short” trade identifier data directly from the exchanges on a daily basis. This complete view of the trading in your stock shows a vastly different picture than “Total Short Interest”, which only includes non-exempt short sales that have not been covered by the twice per month reporting date. Unfortunately, this misses the majority of the short selling.

This indicates that a Short Squeeze may be starting in shares of Virtus Dividend, Interest & Premium Strategy Fund at $12.625, after crossing above the $12.624 Trigger Price. This could signal a buying opportunity, given the right market conditions.

You can find the full report at [ https://www.woprai.com/ ]

Please find the applicable data below, drawn from all major market providers.

Date	Short Volume	Total Volume	Percentage	Squeeze Trigger	$ Value
2025-07-11	57,047	164,158	34.75	12.62	719,933
2025-07-10	58,941	263,301	22.39	12.63	744,425
2025-07-09	66,116	196,102	33.72	12.56	830,417
2025-07-08	44,195	162,365	27.22	12.53	553,763
2025-07-07	57,197	157,755	36.26	12.54	717,250
2025-07-03	23,586	94,611	24.93	12.62	297,655
2025-07-02	60,550	190,914	31.72	12.54	759,297
2025-07-01	34,874	171,610	20.32	12.48	435,228
2025-06-30	53,858	175,553	30.68	12.39	667,301
2025-06-27	216,948	758,623	28.6	12.36	2,681,477
2025-06-26	193,843	485,593	39.92	12.28	2,380,392
2025-06-25	57,986	199,154	29.12	12.27	711,488
2025-06-24	39,926	162,674	24.54	12.24	488,694
2025-06-23	70,968	174,499	40.67	12.1	858,713
2025-06-20	50,871	188,903	26.93	12.09	615,030
2025-06-18	59,434	206,611	28.77	12.06	716,774
2025-06-17	83,670	184,539	45.34	12.09	1,011,570
2025-06-16	43,071	91,656	46.99	12.13	522,451
2025-06-13	56,048	120,517	46.51	12.06	675,939
2025-06-12	76,219	136,359	55.9	12.13	924,536
2025-06-11	52,802	120,218	43.92	12.45	657,385
2025-06-10	59,741	165,358	36.13	12.4	740,788
2025-06-09	44,661	136,643	32.68	12.31	549,777
2025-06-06	39,199	117,924	33.24	12.28	481,364
2025-06-05	118,055	219,838	53.7	12.22	1,442,632
2025-06-04	91,892	186,202	49.35	12.17	1,118,326
2025-06-03	57,933	119,532	48.47	12.11	701,569
2025-06-02	43,368	187,466	23.13	12.02	521,283
2025-05-30	39,081	203,844	19.17	11.97	467,800
2025-05-29	94,268	359,386	26.23	11.96	1,127,445
2025-05-28	119,924	317,578	37.76	11.94	1,431,893
2025-05-27	64,609	187,295	34.5	12.05	778,538
2025-05-23	92,987	210,478	44.18	11.88	1,104,686
2025-05-22	54,769	257,096	21.3	11.9	651,751
2025-05-21	56,811	185,573	30.61	12.04	684,004
2025-05-20	56,513	208,365	27.12	12.1	683,807
2025-05-19	67,426	194,865	34.6	12.07	813,832

Total	93,722,927	291,938,471	32.1	12.62	1,183,237,434

* Totals include all data records back to 2020-07-15 00:00:00, data set is truncated for viewing.