Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Up 53.6% in May

Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 93,100 shares, a growth of 53.6% from the May 15th total of 60,600 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 277,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its stake in Invesco Municipal Opportunity Trust by 413.3% in the first quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock worth $26,000 after purchasing an additional 2,174 shares during the period. CBIZ Investment Advisory Services LLC bought a new stake in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at $29,000. Venturi Wealth Management LLC boosted its holdings in shares of Invesco Municipal Opportunity Trust by 885.4% during the 4th quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company's stock valued at $62,000 after buying an additional 5,720 shares in the last quarter. Concorde Asset Management LLC purchased a new stake in shares of Invesco Municipal Opportunity Trust in the 1st quarter worth about $95,000. Finally, Ackerman Capital Advisors LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the 1st quarter worth about $97,000. Institutional investors own 42.57% of the company's stock.

Invesco Municipal Opportunity Trust Stock Performance

NYSE:VMO traded up $0.01 during trading hours on Monday, hitting $9.07. The company had a trading volume of 335,979 shares, compared to its average volume of 253,382. The stock has a 50-day moving average price of $9.21 and a 200 day moving average price of $9.54. Invesco Municipal Opportunity Trust has a 52 week low of $8.81 and a 52 week high of $10.39.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date is Tuesday, June 17th.

About Invesco Municipal Opportunity Trust

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.