Inv Vk Mun Opp (NYSE:VMO) Sees Significant Growth in Short Interest

Key Points

• Inv Vk Mun Opp (NYSE:VMO) experienced a significant growth in short interest, increasing by 100.8% in July, reaching a total of 151,600 shares.
• The stock price for Inv Vk Mun Opp decreased by 0.1% to $9.27, with a current trading volume of 169,405 shares.
• The company announced a monthly dividend of $0.0625 per share, representing an annualized yield of 8.1%, with dividends to be paid on August 29th.

Inv Vk Mun Opp (NYSE:VMO - ) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 151,600 shares, agrowthof100.8% from the July 15th total of 75,500 shares. Approximately0.2% of the shares of the stock are sold short. Based on an average daily volume of 229,800 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 229,800 shares, the short-interest ratio is presently 0.7 days. Approximately0.2% of the shares of the stock are sold short.

Inv Vk Mun Opp Stock Down 0.1%

NYSE:VMO traded down $0.01 during mid-day trading on Friday, reaching $9.27. The company's stock had a trading volume of 169,405 shares, compared to its average volume of 214,133. The company's fifty day simple moving average is $9.12 and its two-hundred day simple moving average is $9.34. Inv Vk Mun Opp has a twelve month low of $8.81 and a twelve month high of $10.39.

Inv Vk Mun Opp Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.0625 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Monday, August 18th.

Institutional Investors Weigh In On Inv Vk Mun Opp

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Inv Vk Mun Opp by 3.0% in the 2nd quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company's stock valued at $379,000 after purchasing an additional 1,190 shares in the last quarter. Wakefield Asset Management LLLP increased its holdings in shares of Inv Vk Mun Opp by 0.7% in the 1st quarter. Wakefield Asset Management LLLP now owns 187,884 shares of the investment management company's stock valued at $1,783,000 after acquiring an additional 1,309 shares during the last quarter. Riverbridge Partners LLC increased its holdings in shares of Inv Vk Mun Opp by 5.3% in the 2nd quarter. Riverbridge Partners LLC now owns 26,289 shares of the investment management company's stock valued at $241,000 after acquiring an additional 1,323 shares during the last quarter. US Bancorp DE increased its holdings in shares of Inv Vk Mun Opp by 413.3% in the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock valued at $26,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Mackay Shields LLC increased its holdings in shares of Inv Vk Mun Opp by 1.2% in the 1st quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock valued at $1,971,000 after acquiring an additional 2,367 shares during the last quarter. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Mun Opp

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.

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