Free Trial

INV VK MUN OPP (NYSE:VMO) Short Interest Up 53.6% in May

Invesco Municipal Opportunity Trust logo with Finance background

INV VK MUN OPP (NYSE:VMO - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 93,100 shares, an increase of 53.6% from the May 15th total of 60,600 shares. Based on an average daily trading volume, of 277,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On INV VK MUN OPP

A number of large investors have recently made changes to their positions in VMO. Wakefield Asset Management LLLP raised its holdings in shares of INV VK MUN OPP by 0.7% during the 1st quarter. Wakefield Asset Management LLLP now owns 187,884 shares of the investment management company's stock worth $1,783,000 after acquiring an additional 1,309 shares during the period. Garner Asset Management Corp increased its position in INV VK MUN OPP by 1.3% during the fourth quarter. Garner Asset Management Corp now owns 117,254 shares of the investment management company's stock worth $1,140,000 after purchasing an additional 1,507 shares during the last quarter. Bank of Montreal Can raised its stake in INV VK MUN OPP by 4.1% during the fourth quarter. Bank of Montreal Can now owns 39,745 shares of the investment management company's stock worth $386,000 after purchasing an additional 1,578 shares during the period. Riverbridge Partners LLC raised its stake in INV VK MUN OPP by 7.3% during the first quarter. Riverbridge Partners LLC now owns 24,966 shares of the investment management company's stock worth $237,000 after purchasing an additional 1,688 shares during the period. Finally, US Bancorp DE boosted its holdings 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 purchasing an additional 2,174 shares during the last quarter. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

INV VK MUN OPP Stock Down 0.6%

NYSE VMO traded down $0.06 during trading hours on Thursday, hitting $9.02. 211,310 shares of the company's stock traded hands, compared to its average volume of 254,288. INV VK MUN OPP has a 52-week low of $8.81 and a 52-week high of $10.39. The firm's 50-day moving average is $9.21 and its 200-day moving average is $9.53.

INV VK MUN OPP Announces Dividend

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 issued a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a dividend yield of 8.32%. The ex-dividend date of this dividend is Tuesday, June 17th.

INV VK MUN OPP Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Inv Vk Mun Opp Right Now?

Before you consider Inv Vk Mun Opp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inv Vk Mun Opp wasn't on the list.

While Inv Vk Mun Opp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines