Inv Vk Mun Opp (NYSE:VMO) Short Interest Down 79.7% in September

Key Points

• Short interest for Inv Vk Mun Opp (NYSE: VMO) decreased by 79.7% in September, falling to 49,100 shares from 242,300 shares at the end of August.
• The company announced a monthly dividend of $0.0625, resulting in an annualized yield of 7.7%, with the ex-dividend date occurring on September 16th.
• Institutional investors now hold 42.57% of Inv Vk Mun Opp, with notable increases in positions from firms like US Bancorp DE and Geneos Wealth Management Inc.

Inv Vk Mun Opp (NYSE:VMO - ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 49,100 shares, a decline of 79.7% from the August 31st total of 242,300 shares. Based on an average daily volume of 273,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 273,200 shares, the short-interest ratio is presently 0.2 days.

Inv Vk Mun Opp Stock Performance

VMO stock traded up $0.02 during trading on Wednesday, hitting $9.69. The company had a trading volume of 109,610 shares, compared to its average volume of 260,924. The business has a 50-day moving average of $9.28 and a 200-day moving average of $9.25. Inv Vk Mun Opp has a one year low of $8.81 and a one year high of $10.33.

Inv Vk Mun Opp Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.0625 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Tuesday, September 16th.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of large investors have recently modified their holdings of VMO. US Bancorp DE raised its position in 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 buying 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 during the 1st quarter valued at $29,000. Geneos Wealth Management Inc. increased its position 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 valued at $39,000 after purchasing an additional 3,919 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Inv Vk Mun Opp by 252.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company's stock valued at $70,000 after purchasing an additional 5,490 shares during the last quarter. Finally, Ackerman Capital Advisors LLC bought a new position in shares of Inv Vk Mun Opp during the 1st quarter worth $97,000. 42.57% of the stock is currently owned by institutional investors.

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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