Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Update

Invesco Municipal Opportunity Trust (NYSE:VMO) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 23,700 shares, a decrease of 79.8% from the January 31st total of 117,500 shares. Based on an average daily volume of 279,800 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Municipal Opportunity Trust Stock Performance

Shares of NYSE VMO traded up $0.01 during trading hours on Thursday, reaching $9.88. 213,532 shares of the stock traded hands, compared to its average volume of 219,163. The company’s 50-day simple moving average is $9.71 and its two-hundred day simple moving average is $9.94. Invesco Municipal Opportunity Trust has a 52-week low of $9.22 and a 52-week high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.0625 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.59%.

Hedge Funds Weigh In On Invesco Municipal Opportunity Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its position in Invesco Municipal Opportunity Trust by 885.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,366 shares of the investment management company’s stock valued at $62,000 after buying an additional 5,720 shares during the period. Avior Wealth Management LLC boosted its holdings in 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 valued at $83,000 after acquiring an additional 7,386 shares during the period. Encompass More Asset Management purchased a new stake in Invesco Municipal Opportunity Trust during the 3rd quarter valued at about $133,000. Permanent Capital Management LP purchased a new position in Invesco Municipal Opportunity Trust in the 4th quarter worth approximately $152,000. Finally, Walleye Capital LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth approximately $164,000. Institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust 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.