Invmun Incom (NYSE:OIA) Short Interest Down 79.9% in August

Key Points

• Short interest plunged 79.9% in August to 16,095 shares, representing 0.0% of outstanding shares and just 0.1 days to cover based on average trading volume.
• Institutional investors and hedge funds own 12.57% of Invmun Incom, with several firms establishing new positions and Baird Financial Group increasing its stake by 31.9%.
• The stock recently traded at $6.03, near its 50- and 200-day moving averages, while the company announced a monthly dividend of $0.0291 per share, implying a 5.8% annualized yield.

Invmun Incom (NYSE:OIA - ) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 16,095 shares, a decline of 79.9% from the July 30th total of 79,999 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 150,036 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invmun Incom

Hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new position in Invmun Incom in the fourth quarter valued at about $38,000. Evergreen Capital Management LLC acquired a new stake in shares of Invmun Incom during the fourth quarter worth approximately $78,000. HRT Financial LP acquired a new stake in shares of Invmun Incom during the fourth quarter worth approximately $83,000. Baird Financial Group Inc. raised its stake in shares of Invmun Incom by 31.9% in the second quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company's stock valued at $95,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Invmun Incom in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 12.57% of the company's stock.

Invmun Incom Stock Performance

NYSE:OIA traded down $0.01 during trading hours on Wednesday, reaching $6.03. The company had a trading volume of 24,060 shares, compared to its average volume of 109,986. The stock has a 50-day moving average of $6.13 and a two-hundred day moving average of $6.14. Invmun Incom has a one year low of $5.63 and a one year high of $6.40.

Invmun Incom Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.0291 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, August 17th.

Invmun Incom Company Profile

Invesco Municipal Income Opportunities 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 Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.

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