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

Inv Vk Mun Opp (NYSE:VMO) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 168,481 shares, a decrease of 48.5% from the September 15th total of 327,125 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 553,558 shares, the short-interest ratio is currently 0.3 days.

Insider Transactions at Inv Vk Mun Opp

In other news, Portfolio Manager Rebecca Setcavage acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was acquired at an average price of $8.64 per share, for a total transaction of $25,920.00. Following the completion of the acquisition, the portfolio manager owned 3,000 shares in the company, valued at $25,920. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Inv Vk Mun Opp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in Inv Vk Mun Opp in the second quarter worth $147,000. NewEdge Advisors LLC increased its holdings in shares of Inv Vk Mun Opp by 8.6% during the second quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock valued at $1,360,000 after acquiring an additional 10,896 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Inv Vk Mun Opp in the 2nd quarter worth about $244,000. Citadel Advisors LLC purchased a new position in shares of Inv Vk Mun Opp in the 2nd quarter worth about $417,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of Inv Vk Mun Opp by 40.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,559 shares of the investment management company’s stock worth $529,000 after purchasing an additional 15,318 shares during the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Inv Vk Mun Opp Stock Up 1.9%

Shares of NYSE:VMO traded up $0.16 during midday trading on Thursday, reaching $8.73. The company’s stock had a trading volume of 242,562 shares, compared to its average volume of 263,364. The firm has a 50 day moving average of $9.23 and a 200-day moving average of $9.54. Inv Vk Mun Opp has a 12-month low of $8.12 and a 12-month high of $10.10.

Inv Vk Mun Opp Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This is an increase from Inv Vk Mun Opp’s previous monthly dividend of $0.0625. This represents a $0.75 annualized dividend and a yield of 8.6%.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a portfolio of municipal securities issued by states, cities, counties, public authorities and other governmental entities in the United States.

The trust may invest in a range of tax-exempt securities, including general obligation and revenue bonds. Revenue bonds are typically backed by income from projects or services such as transportation systems, utilities, hospitals, housing programs and educational facilities.