Invmun Incom (NYSE:OIA) Short Interest Up 321.9% in August

Key Points

• Short interest surged 321.9% in August to 67,900 shares, representing about 0.1% of outstanding shares. The days-to-cover ratio remains low at 0.7 days.
• Institutional ownership stands at 12.57%, with investors including Bank of America, Raymond James, Baird Financial, and Royal Bank of Canada increasing their positions.
• OIA shares opened at $5.85, near the 52-week low of $5.82, while the fund declared a monthly dividend of $0.0291, implying an approximately 6.0% annualized yield.

Invmun Incom (NYSE:OIA - ) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 67,900 shares, an increase of 321.9% from the August 15th total of 16,095 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 97,319 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Invmun Incom

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Invmun Incom by 6.8% during the first quarter. Royal Bank of Canada now owns 50,167 shares of the investment management company's stock valued at $302,000 after purchasing an additional 3,210 shares during the period. Baird Financial Group Inc. grew its position in Invmun Incom by 31.9% during the 2nd quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company's stock worth $95,000 after purchasing an additional 4,000 shares during the period. Raymond James Financial Inc. raised its stake in shares of Invmun Incom by 3.8% during the 2nd quarter. Raymond James Financial Inc. now owns 160,207 shares of the investment management company's stock valued at $921,000 after buying an additional 5,909 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invmun Incom during the 2nd quarter valued at about $195,000. Finally, Bank of America Corp DE lifted its holdings in shares of Invmun Incom by 2.6% in the 2nd quarter. Bank of America Corp DE now owns 902,189 shares of the investment management company's stock valued at $5,188,000 after buying an additional 23,267 shares during the period. 12.57% of the stock is currently owned by institutional investors and hedge funds.

Invmun Incom Stock Performance

Shares of NYSE:OIA opened at $5.85 on Friday. Invmun Incom has a 52-week low of $5.82 and a 52-week high of $6.40. The business has a 50-day moving average price of $6.08 and a 200-day moving average price of $6.11.

Invmun Incom Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a $0.0291 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Monday, September 14th.

About Invmun Incom

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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