INV VK MUN OPP (NYSE:VMO) Sees Significant Growth in Short Interest

Key Points

• INV VK MUN OPP (NYSE:VMO) experienced a significant increase in short interest, rising 123.8% in September, reaching a total of 109,900 shares.
• The company announced a monthly dividend of $0.0625 per share, payable on October 31st, which corresponds to an annualized yield of 7.8%.
• Institutional investment activity was notable, with US Bancorp DE increasing its holdings by 413.3% and other firms also enhancing their stakes in INV VK MUN OPP.

INV VK MUN OPP (NYSE:VMO - ) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 109,900 shares, an increase of 123.8% from the September 15th total of 49,100 shares. Based on an average daily trading volume, of 283,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 283,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On INV VK MUN OPP

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in INV VK MUN OPP by 413.3% during the first quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock valued at $26,000 after purchasing an additional 2,174 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new stake in shares of INV VK MUN OPP in the first quarter worth about $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of INV VK MUN OPP by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company's stock worth $39,000 after buying an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of INV VK MUN OPP by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company's stock worth $70,000 after buying an additional 5,490 shares in the last quarter. Finally, Ackerman Capital Advisors LLC purchased a new stake in shares of INV VK MUN OPP in the first quarter worth about $97,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

INV VK MUN OPP Price Performance

NYSE VMO traded up $0.07 during trading on Monday, hitting $9.68. 81,075 shares of the company's stock traded hands, compared to its average volume of 259,927. INV VK MUN OPP has a 12-month low of $8.81 and a 12-month high of $10.17. The business has a 50 day moving average of $9.43 and a 200-day moving average of $9.26.

INV VK MUN OPP Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a c) annualized dividend and a yield of 7.8%.

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.

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