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

Inv Vk Mun Opp (NYSE:VMO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 101,196 shares, an increase of 30.0% from the December 31st total of 77,840 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 245,322 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 245,322 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Inv Vk Mun Opp

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Inv Vk Mun Opp by 16.9% in the first quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company’s stock worth $421,000 after acquiring an additional 6,422 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Inv Vk Mun Opp by 7.4% in the 1st quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 3,937 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Inv Vk Mun Opp during the 1st quarter worth $156,000. Mackay Shields LLC lifted its position in shares of Inv Vk Mun Opp by 48.1% during the 2nd quarter. Mackay Shields LLC now owns 307,705 shares of the investment management company’s stock worth $2,825,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Ackerman Capital Advisors LLC grew its stake in shares of Inv Vk Mun Opp by 173.4% during the second quarter. Ackerman Capital Advisors LLC now owns 27,917 shares of the investment management company’s stock worth $256,000 after purchasing an additional 17,706 shares in the last quarter. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Stock Up 0.8%

NYSE:VMO opened at $9.78 on Wednesday. Inv Vk Mun Opp has a fifty-two week low of $8.81 and a fifty-two week high of $9.94. The company has a 50 day moving average price of $9.64 and a 200 day moving average price of $9.51.

Inv Vk Mun Opp Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Inv Vk Mun Opp Company Profile

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.