Short Interest in Invmun Incom (NYSE:OIA) Declines By 53.9%

Invmun Incom (NYSE:OIA) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 48,371 shares, a drop of 53.9% from the April 15th total of 104,870 shares. Based on an average trading volume of 126,841 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OIA. Garton & Associates Financial Advisors LLC acquired a new position in Invmun Incom during the fourth quarter worth approximately $38,000. Evergreen Capital Management LLC acquired a new position in Invmun Incom during the fourth quarter worth approximately $78,000. HRT Financial LP acquired a new position in Invmun Incom during the fourth quarter worth approximately $83,000. Vista Investment Partners II LLC acquired a new position in Invmun Incom during the third quarter worth approximately $84,000. Finally, Baird Financial Group Inc. increased its position in Invmun Incom by 31.9% during the second quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock worth $95,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 12.57% of the company’s stock.

Invmun Incom Trading Down 0.4%

OIA traded down $0.03 during trading on Friday, hitting $6.06. 109,479 shares of the stock were exchanged, compared to its average volume of 107,748. Invmun Incom has a 1-year low of $5.51 and a 1-year high of $6.40. The stock has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $6.12.

Invmun Incom Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.0291 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a yield of 5.8%.

Invmun Incom Company Profile

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.