Short Interest in Invesco Municipal Opportunity Trust (NYSE:VMO) Decreases By 53.8%

Invesco Municipal Opportunity Trust (NYSE:VMO) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 60,900 shares, a drop of 53.8% from the December 31st total of 131,700 shares. Based on an average daily trading volume, of 292,100 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

Several hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC increased its stake in shares of Invesco Municipal Opportunity Trust by 668.4% during the 4th quarter. Avior Wealth Management LLC now owns 8,491 shares of the investment management company’s stock worth $83,000 after purchasing an additional 7,386 shares in the last quarter. Encompass More Asset Management acquired a new position in shares of Invesco Municipal Opportunity Trust in the 3rd quarter valued at about $133,000. Kercheville Advisors LLC grew its stake in Invesco Municipal Opportunity Trust by 15.3% during the third quarter. Kercheville Advisors LLC now owns 15,067 shares of the investment management company’s stock worth $155,000 after buying an additional 2,000 shares during the period. Ackerman Capital Advisors LLC acquired a new position in shares of Invesco Municipal Opportunity Trust during the third quarter worth about $161,000. Finally, Walleye Capital LLC purchased a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth approximately $164,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Stock Up 0.5 %

Shares of Invesco Municipal Opportunity Trust stock traded up $0.05 during trading on Thursday, reaching $9.76. The company’s stock had a trading volume of 83,672 shares, compared to its average volume of 198,986. Invesco Municipal Opportunity Trust has a 12-month low of $9.22 and a 12-month high of $10.39. The business has a 50 day moving average price of $9.79 and a 200-day moving average price of $9.97.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.0625 per share. This represents a $0.75 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Friday, January 17th.

About Invesco Municipal Opportunity Trust

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.