Short Interest in Inv Vk Mun Opp (NYSE:VMO) Drops By 20.9%

Inv Vk Mun Opp (NYSE:VMO) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 112,966 shares, a decline of 20.9% from the March 31st total of 142,814 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 248,526 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Inv Vk Mun Opp

A number of hedge funds and other institutional investors have recently bought and sold shares of VMO. Garton & Associates Financial Advisors LLC bought a new stake in Inv Vk Mun Opp during the 4th quarter valued at $33,000. Geneos Wealth Management Inc. grew its position in Inv Vk Mun Opp by 1,328.5% during the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Inv Vk Mun Opp by 252.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after buying an additional 5,490 shares during the period. Global Retirement Partners LLC grew its position in Inv Vk Mun Opp by 1,039.1% during the fourth quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock valued at $84,000 after buying an additional 7,970 shares during the period. Finally, Merit Financial Group LLC bought a new position in Inv Vk Mun Opp during the fourth quarter valued at about $96,000. Institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Stock Up 0.8%

NYSE:VMO traded up $0.08 during mid-day trading on Thursday, hitting $9.69. 264,669 shares of the company’s stock were exchanged, compared to its average volume of 226,577. The company has a 50 day simple moving average of $9.71 and a 200-day simple moving average of $9.69. Inv Vk Mun Opp has a fifty-two week low of $8.90 and a fifty-two week high of $10.10.

Inv Vk Mun Opp Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be given a $0.0625 dividend. The ex-dividend date is Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Inv Vk Mun Opp Company Profile

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.