Inv Vk Mun Opp (NYSE:VMO) Short Interest Up 58.6% in August

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 - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 240,500 shares, an increase of 58.6% from the July 31st total of 151,600 shares. Based on an average daily volume of 239,300 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 239,300 shares, the days-to-cover ratio is currently 1.0 days.

Inv Vk Mun Opp Stock Performance

Shares of VMO traded down $0.01 during mid-day trading on Friday, reaching $9.50. The stock had a trading volume of 209,287 shares, compared to its average volume of 352,983. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $10.39. The business has a fifty day moving average of $9.17 and a 200 day moving average of $9.27.

Inv Vk Mun Opp Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.0625 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 16th.

Hedge Funds Weigh In On Inv Vk Mun Opp

A number of hedge funds have recently modified their holdings of VMO. Ameriprise Financial Inc. boosted its position in shares of Inv Vk Mun Opp by 121.2% in the second quarter. Ameriprise Financial Inc. now owns 747,429 shares of the investment management company's stock worth $6,853,000 after purchasing an additional 409,601 shares during the period. Guggenheim Capital LLC boosted its position in shares of Inv Vk Mun Opp by 23.9% during the second quarter. Guggenheim Capital LLC now owns 1,456,238 shares of the investment management company's stock worth $13,368,000 after acquiring an additional 281,166 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Inv Vk Mun Opp by 23.0% during the first quarter. Raymond James Financial Inc. now owns 961,150 shares of the investment management company's stock worth $9,121,000 after acquiring an additional 179,489 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Inv Vk Mun Opp by 51.3% during the second quarter. Advisors Asset Management Inc. now owns 325,818 shares of the investment management company's stock worth $2,991,000 after acquiring an additional 110,436 shares during the last quarter. Finally, Mackay Shields LLC boosted its position in shares of Inv Vk Mun Opp by 48.1% during the second quarter. Mackay Shields LLC now owns 307,705 shares of the investment management company's stock worth $2,825,000 after acquiring an additional 100,000 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors.

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.