Invesco Municipal Opportunity Trust (NYSE:VMO) Sees Significant Decrease in Short Interest

Invesco Municipal Opportunity Trust (NYSE:VMO - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 60,600 shares, a drop of 35.7% from the April 30th total of 94,300 shares. Based on an average trading volume of 271,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company's shares are sold short.

Invesco Municipal Opportunity Trust Price Performance

Invesco Municipal Opportunity Trust stock traded down $0.02 during mid-day trading on Monday, hitting $9.18. The stock had a trading volume of 93,733 shares, compared to its average volume of 249,033. The stock has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $9.60. Invesco Municipal Opportunity Trust has a 12 month low of $8.81 and a 12 month high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.75 annualized dividend and a dividend yield of 8.17%.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

Institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in shares of Invesco Municipal Opportunity Trust by 413.3% during 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 in the last quarter. CBIZ Investment Advisory Services LLC bought a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $29,000. Venturi Wealth Management LLC lifted 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 purchasing an additional 5,720 shares in the last quarter. Concorde Asset Management LLC bought a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $95,000. Finally, Ackerman Capital Advisors LLC bought a new position in shares of Invesco Municipal Opportunity Trust during the 1st quarter valued at about $97,000. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust 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.