Inv Vk Mun Opp (NYSE:VMO) Sees Large 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 - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 151,600 shares, anincreaseof100.8% from the July 15th total of 75,500 shares. Currently,0.2% of the company's stock are short sold. Based on an average daily volume of 229,800 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 229,800 shares, the days-to-cover ratio is presently 0.7 days. Currently,0.2% of the company's stock are short sold.

Inv Vk Mun Opp Stock Up 0.9%

VMO stock traded up $0.0850 on Friday, reaching $9.1850. 476,372 shares of the company traded hands, compared to its average volume of 247,338. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.39. The firm has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $9.33.

Inv Vk Mun Opp Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.0625 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, August 18th.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of institutional investors and hedge funds have recently made changes to their positions in VMO. Geneos Wealth Management Inc. boosted its stake in shares of Inv Vk Mun Opp by 1,328.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company's stock worth $39,000 after acquiring an additional 3,919 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Inv Vk Mun Opp in the 2nd quarter worth $544,000. Bank of America Corp DE lifted its position in Inv Vk Mun Opp by 15.3% during the second quarter. Bank of America Corp DE now owns 36,784 shares of the investment management company's stock valued at $338,000 after purchasing an additional 4,878 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Inv Vk Mun Opp by 121.2% during the second quarter. Ameriprise Financial Inc. now owns 747,429 shares of the investment management company's stock valued at $6,853,000 after purchasing an additional 409,601 shares during the period. Finally, Jane Street Group LLC increased its position in Inv Vk Mun Opp by 338.8% in the second quarter. Jane Street Group LLC now owns 72,026 shares of the investment management company's stock worth $661,000 after buying an additional 55,610 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company's stock.

Inv Vk Mun Opp Company Profile

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.