Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Update

Invesco Municipal Opportunity Trust (NYSE:VMO) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 60,900 shares, a drop of 53.8% from the December 31st total of 131,700 shares. Based on an average daily volume of 292,100 shares, the short-interest ratio is presently 0.2 days.

Invesco Municipal Opportunity Trust Trading Up 0.5 %

NYSE VMO traded up $0.05 on Thursday, hitting $9.76. 83,672 shares of the stock traded hands, compared to its average volume of 198,986. The stock has a 50-day moving average of $9.79 and a 200 day moving average of $9.97. Invesco Municipal Opportunity Trust has a twelve month low of $9.22 and a twelve month high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.0625 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 668.4% during the fourth quarter. Avior Wealth Management LLC now owns 8,491 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 7,386 shares during the period. Encompass More Asset Management acquired a new position in Invesco Municipal Opportunity Trust in the third quarter worth approximately $133,000. Kercheville Advisors LLC raised its position in shares of Invesco Municipal Opportunity Trust by 15.3% during the third quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock worth $155,000 after purchasing an additional 2,000 shares during the period. Ackerman Capital Advisors LLC purchased a new stake in Invesco Municipal Opportunity Trust during the third quarter valued at about $161,000. Finally, Walleye Capital LLC acquired a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth approximately $164,000. 42.57% of the stock is currently owned by institutional investors.

Invesco Municipal Opportunity Trust 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.