Inv Vk Mun Opp (NYSE:VMO) Sees Large Decrease in Short Interest

Inv Vk Mun Opp (NYSE:VMO) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 49,100 shares, a decline of 79.7% from the August 31st total of 242,300 shares. Based on an average daily volume of 273,200 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 273,200 shares, the short-interest ratio is currently 0.2 days.

Inv Vk Mun Opp Price Performance

Inv Vk Mun Opp stock opened at $9.68 on Friday. Inv Vk Mun Opp has a fifty-two week low of $8.81 and a fifty-two week high of $10.33. The stock has a 50-day simple moving average of $9.31 and a 200-day simple moving average of $9.25.

Inv Vk Mun Opp Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 16th will be issued a $0.0625 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 16th.

Institutional Trading of Inv Vk Mun Opp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in Inv Vk Mun Opp by 13.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,738 shares of the investment management company’s stock worth $415,000 after acquiring an additional 5,120 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Inv Vk Mun Opp by 10.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 129,282 shares of the investment management company’s stock worth $1,227,000 after acquiring an additional 12,459 shares during the period. Nuveen Asset Management LLC lifted its position in Inv Vk Mun Opp by 12.4% during the 4th quarter. Nuveen Asset Management LLC now owns 77,986 shares of the investment management company’s stock worth $758,000 after acquiring an additional 8,600 shares during the period. PNC Financial Services Group Inc. lifted its position in Inv Vk Mun Opp by 65.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 71,092 shares of the investment management company’s stock worth $675,000 after acquiring an additional 28,168 shares during the period. Finally, Nuveen LLC acquired a new stake in Inv Vk Mun Opp during the 1st quarter worth approximately $309,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.