Short Interest in INV VK MUN OPP (NYSE:VMO) Increases By 58.6%

Key Points

• The short interest in INV VK MUN OPP (NYSE:VMO) rose by 58.6% in August, reaching a total of 240,500 shares as of August 15th.
• INV VK MUN OPP's stock price increased 0.7% to $9.22, with significant trading volume of 782,275 shares on Friday.
• The company announced a monthly dividend of $0.0625, set to be paid on September 30th, boasting an annualized yield of 8.1%.

INV VK MUN OPP (NYSE:VMO - ) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 240,500 shares, anincreaseof58.6% from the July 31st total of 151,600 shares. Based on an average daily volume of 239,300 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 239,300 shares, the short-interest ratio is currently 1.0 days.

INV VK MUN OPP Stock Up 0.7%

VMO traded up $0.06 during trading hours on Friday, hitting $9.22. The company's stock had a trading volume of 782,275 shares, compared to its average volume of 302,660. INV VK MUN OPP has a fifty-two week low of $8.81 and a fifty-two week high of $10.39. The company has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $9.27.

INV VK MUN OPP Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.0625 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, September 16th.

Institutional Trading of INV VK MUN OPP

Several large investors have recently added to or reduced their stakes in VMO. Bank of Montreal Can grew its holdings in shares of INV VK MUN OPP by 3.0% in the 2nd quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company's stock worth $379,000 after acquiring an additional 1,190 shares during the last quarter. Wakefield Asset Management LLLP boosted its position in INV VK MUN OPP by 0.7% during the first quarter. Wakefield Asset Management LLLP now owns 187,884 shares of the investment management company's stock valued at $1,783,000 after purchasing an additional 1,309 shares during the last quarter. Riverbridge Partners LLC lifted its position in shares of INV VK MUN OPP by 5.3% in the second quarter. Riverbridge Partners LLC now owns 26,289 shares of the investment management company's stock worth $241,000 after buying an additional 1,323 shares during the last quarter. US Bancorp DE lifted its position in shares of INV VK MUN OPP by 413.3% during the 1st quarter. US Bancorp DE now owns 2,700 shares of the investment management company's stock worth $26,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Mackay Shields LLC lifted its position in shares of INV VK MUN OPP by 1.2% during the 1st quarter. Mackay Shields LLC now owns 207,705 shares of the investment management company's stock worth $1,971,000 after purchasing an additional 2,367 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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