Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Down 32.7% in March

Invesco Municipal Opportunity Trust (NYSE:VMO) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 44,400 shares, a decline of 32.7% from the March 15th total of 66,000 shares. Based on an average trading volume of 244,000 shares, the short-interest ratio is currently 0.2 days.

Invesco Municipal Opportunity Trust Stock Performance

VMO opened at $9.25 on Friday. Invesco Municipal Opportunity Trust has a 52 week low of $8.81 and a 52 week high of $10.39. The stock’s fifty day moving average is $9.56 and its two-hundred day moving average is $9.77.

Invesco Municipal Opportunity Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Investors Weigh In On Invesco Municipal Opportunity Trust

Large investors have recently modified their holdings of the business. Rivernorth Capital Management LLC increased its holdings in Invesco Municipal Opportunity Trust by 26.2% during the third quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock valued at $24,315,000 after buying an additional 491,922 shares during the period. Robinson Capital Management LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 44.1% in the 4th quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock valued at $16,496,000 after acquiring an additional 519,405 shares during the period. Guggenheim Capital LLC raised its position in shares of Invesco Municipal Opportunity Trust by 48.2% in the 4th quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company’s stock worth $9,188,000 after acquiring an additional 307,338 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco Municipal Opportunity Trust during the 4th quarter worth $7,598,000. Finally, Van ECK Associates Corp boosted its position in Invesco Municipal Opportunity Trust by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 507,362 shares of the investment management company’s stock valued at $4,932,000 after purchasing an additional 21,173 shares in the last quarter. Institutional investors own 42.57% of the company’s stock.

About Invesco Municipal Opportunity Trust

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.