Short Interest in Invesco Municipal Opportunity Trust (NYSE:VMO) Declines By 66.0%

Invesco Municipal Opportunity Trust (NYSE:VMO) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 36,400 shares, a decrease of 66.0% from the October 31st total of 107,000 shares. Based on an average daily trading volume, of 236,400 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of Invesco Municipal Opportunity Trust by 8.1% in the 3rd quarter. Raymond James & Associates now owns 377,675 shares of the investment management company’s stock worth $3,879,000 after acquiring an additional 28,419 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust in the first quarter worth $180,000. Angeles Investment Advisors LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust in the second quarter valued at $473,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco Municipal Opportunity Trust during the second quarter valued at $45,000. Finally, Allspring Global Investments Holdings LLC increased its position in Invesco Municipal Opportunity Trust by 17.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 81,900 shares of the investment management company’s stock worth $826,000 after purchasing an additional 12,000 shares in the last quarter. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Stock Performance

Shares of NYSE VMO traded up $0.11 during midday trading on Wednesday, reaching $10.07. 351,363 shares of the company were exchanged, compared to its average volume of 216,323. The stock has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.01. Invesco Municipal Opportunity Trust has a 1 year low of $8.99 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.45%. The ex-dividend date is Friday, November 15th.

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.