Invmun Incom (NYSE:OIA) Sees Large Decrease in Short Interest

Invmun Incom (NYSE:OIA) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 16,095 shares, a decrease of 79.9% from the July 30th total of 79,999 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 150,036 shares, the short-interest ratio is currently 0.1 days.

Invmun Incom Trading Down 0.2%

OIA stock traded down $0.01 during midday trading on Wednesday, reaching $6.03. 24,060 shares of the company’s stock traded hands, compared to its average volume of 109,986. The company has a 50-day simple moving average of $6.13 and a two-hundred day simple moving average of $6.14. Invmun Incom has a 1-year low of $5.63 and a 1-year high of $6.40.

Invmun Incom Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.0291 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, August 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OIA. RFG Advisory LLC boosted its stake in Invmun Incom by 10.6% in the first quarter. RFG Advisory LLC now owns 18,199 shares of the investment management company’s stock valued at $112,000 after acquiring an additional 1,740 shares during the last quarter. Royal Bank of Canada raised its position in shares of Invmun Incom by 6.8% during the 1st quarter. Royal Bank of Canada now owns 50,167 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 3,210 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Invmun Incom by 31.9% during the 2nd quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 4,000 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Invmun Incom by 8.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 62,049 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 4,591 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Invmun Incom by 3.8% in the 2nd quarter. Raymond James Financial Inc. now owns 160,207 shares of the investment management company’s stock valued at $921,000 after purchasing an additional 5,909 shares during the period. 12.57% of the stock is owned by institutional investors.

About Invmun Incom

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. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.