Inv Vk Mun Opp (NYSE:VMO) Sees Significant Increase in Short Interest

Inv Vk Mun Opp (NYSE:VMO) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 123,339 shares, an increase of 97.4% from the November 30th total of 62,471 shares. Based on an average trading volume of 317,068 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 317,068 shares, the short-interest ratio is currently 0.4 days.

Inv Vk Mun Opp Stock Down 0.2%

Shares of VMO stock traded down $0.02 on Monday, reaching $9.55. The stock had a trading volume of 128,537 shares, compared to its average volume of 259,720. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $9.94. The firm’s 50-day moving average is $9.63 and its two-hundred day moving average is $9.40.

Inv Vk Mun Opp Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.0625 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC bought a new stake in Inv Vk Mun Opp in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings in shares of Inv Vk Mun Opp by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after purchasing an additional 5,490 shares during the last quarter. Concorde Asset Management LLC bought a new position in shares of Inv Vk Mun Opp in the first quarter valued at about $95,000. Finally, Permanent Capital Management LP acquired a new stake in shares of Inv Vk Mun Opp during the 3rd quarter worth about $141,000. 42.57% of the stock is currently owned by institutional investors.

About Inv Vk Mun Opp

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.