Inv Vk Mun Opp (NYSE:VMO) Sees Large Drop in Short Interest

Inv Vk Mun Opp (NYSE:VMO) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 77,840 shares, a drop of 36.9% from the December 15th total of 123,339 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 279,687 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 279,687 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Inv Vk Mun Opp Price Performance

VMO stock traded up $0.02 during trading on Friday, reaching $9.75. 240,580 shares of the stock traded hands, compared to its average volume of 239,820. The business’s 50 day moving average price is $9.62 and its 200-day moving average price is $9.46. Inv Vk Mun Opp has a 52-week low of $8.81 and a 52-week high of $9.94.

Inv Vk Mun Opp Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.0625 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VMO. Geneos Wealth Management Inc. grew its stake in Inv Vk Mun Opp by 1,328.5% during the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock worth $39,000 after buying an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Inv Vk Mun Opp by 252.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after acquiring an additional 5,490 shares in the last quarter. Permanent Capital Management LP purchased a new stake in Inv Vk Mun Opp during the 3rd quarter worth $141,000. Gridiron Partners LLC increased its holdings in Inv Vk Mun Opp by 1,558.1% in the 3rd quarter. Gridiron Partners LLC now owns 1,502,830 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 1,412,192 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Inv Vk Mun Opp in the 3rd quarter valued at $150,000. 42.57% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Opp Company Profile

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.