Invesco Municipal Income Opportunities Trust (NYSE:OIA) Sees Significant Drop in Short Interest

Invesco Municipal Income Opportunities Trust (NYSE:OIA) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 44,100 shares, a drop of 45.8% from the November 30th total of 81,400 shares. Based on an average trading volume of 99,200 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Municipal Income Opportunities Trust Price Performance

Shares of NYSE:OIA opened at $5.95 on Friday. Invesco Municipal Income Opportunities Trust has a 1 year low of $5.78 and a 1 year high of $6.99. The business’s 50 day moving average price is $6.47 and its 200-day moving average price is $6.50.

Invesco Municipal Income Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0291 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On Invesco Municipal Income Opportunities Trust

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in Invesco Municipal Income Opportunities Trust during the 3rd quarter valued at about $72,000. Creekside Partners purchased a new position in Invesco Municipal Income Opportunities Trust during the second quarter worth approximately $95,000. Wolverine Asset Management LLC purchased a new stake in shares of Invesco Municipal Income Opportunities Trust in the second quarter valued at about $119,000. Horizon Kinetics Asset Management LLC acquired a new position in shares of Invesco Municipal Income Opportunities Trust in the 3rd quarter valued at $137,000. Finally, Providence First Trust Co grew its holdings in shares of Invesco Municipal Income Opportunities Trust by 61.4% during the 2nd quarter. Providence First Trust Co now owns 41,974 shares of the investment management company’s stock worth $267,000 after purchasing an additional 15,974 shares during the period. 12.57% of the stock is currently owned by institutional investors and hedge funds.

About Invesco Municipal Income Opportunities Trust

Invesco Municipal Income Opportunities 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 Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.