Inv Vk Mun Opp (NYSE:VMO) Stock Short Interest Report for October

Inv Vk Mun Opp (NYSE:VMO) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 341,495 shares, an increase of 102.7% from the September 30th total of 168,481 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 412,388 shares, the days-to-cover ratio is presently 0.8 days.

Inv Vk Mun Opp Price Performance

VMO stock traded up $0.08 during midday trading on Friday, reaching $9.08. The company had a trading volume of 310,839 shares, compared to its average volume of 327,502. Inv Vk Mun Opp has a 1 year low of $8.12 and a 1 year high of $10.10. The firm has a 50-day moving average price of $9.01 and a 200-day moving average price of $9.56.

Inv Vk Mun Opp Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were paid a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Wednesday, October 14th. This is a positive change from Inv Vk Mun Opp’s previous monthly dividend of $0.0625.

Insider Activity

In other Inv Vk Mun Opp news, Portfolio Manager Rebecca Setcavage acquired 3,000 shares of Inv Vk Mun Opp stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average price of $8.64 per share, with a total value of $25,920.00. Following the completion of the purchase, the portfolio manager directly owned 3,000 shares in the company, valued at $25,920. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Inv Vk Mun Opp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC increased its stake in shares of Inv Vk Mun Opp by 9.9% during the third quarter. Choreo LLC now owns 41,936 shares of the investment management company’s stock worth $350,000 after purchasing an additional 3,776 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Inv Vk Mun Opp by 11.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,927 shares of the investment management company’s stock valued at $408,000 after purchasing an additional 4,393 shares in the last quarter. Petra Financial Advisors Inc. boosted its stake in Inv Vk Mun Opp by 12.9% in the 1st quarter. Petra Financial Advisors Inc. now owns 57,915 shares of the investment management company’s stock worth $551,000 after buying an additional 6,630 shares during the last quarter. Compass Wealth Management LLC purchased a new position in shares of Inv Vk Mun Opp in the third quarter valued at $57,000. Finally, Van ECK Associates Corp raised its position in shares of Inv Vk Mun Opp by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 451,018 shares of the investment management company’s stock worth $4,452,000 after purchasing an additional 6,915 shares during the period. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Opp Company Profile

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

The portfolio may include a variety of tax-exempt bonds used to finance public infrastructure and essential services, such as transportation, utilities, education and health care.