Invmun Incom (NYSE:OIA) Stock Short Interest Report for September

Invmun Incom (NYSE:OIA) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 387,993 shares, a growth of 716.7% from the September 15th total of 47,509 shares. Based on an average trading volume of 305,940 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the company’s shares are short sold.

Invmun Incom Trading Up 0.3%

Shares of Invmun Incom stock opened at $5.75 on Friday. The stock has a 50 day moving average of $5.87 and a 200 day moving average of $6.03. Invmun Incom has a fifty-two week low of $5.09 and a fifty-two week high of $6.40.

Invmun Incom Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a $0.0291 dividend. This represents a $0.35 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 14th.

Institutional Trading of Invmun Incom

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC acquired a new position in Invmun Incom in the second quarter valued at about $387,000. NewEdge Advisors LLC raised its stake in shares of Invmun Incom by 85.2% in the 2nd quarter. NewEdge Advisors LLC now owns 99,451 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 45,739 shares during the period. Readystate Asset Management LP acquired a new position in shares of Invmun Incom in the 2nd quarter worth approximately $174,000. David J Yvars Group acquired a new position in shares of Invmun Incom in the 3rd quarter worth approximately $132,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Invmun Incom by 11.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 223,597 shares of the investment management company’s stock worth $1,373,000 after purchasing an additional 22,443 shares during the period. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

Invmun Incom Company Profile

Invesco Municipal Income Opportunities Trust (NYSE: OIA) is a closed-end management investment company advised by an affiliate of Invesco Ltd. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities.

Its portfolio may include bonds issued by states, municipalities, public authorities and other governmental entities across the United States. These securities typically help finance public projects and services such as education, transportation, utilities, health care and other essential infrastructure.

The trust is managed by Invesco, a global investment-management firm, and its investment strategy focuses on identifying municipal securities that may offer attractive tax-exempt income while managing credit, interest-rate and other portfolio risks.