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

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

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.