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

Inv Vk Mun Opp (NYSE:VMO) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 73,420 shares, a decline of 27.4% from the January 15th total of 101,196 shares. Based on an average trading volume of 263,446 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 263,446 shares, the short-interest ratio is currently 0.3 days.

Inv Vk Mun Opp Stock Performance

Shares of NYSE:VMO opened at $9.99 on Friday. The business has a fifty day moving average price of $9.69 and a 200-day moving average price of $9.55. Inv Vk Mun Opp has a 1-year low of $8.81 and a 1-year high of $9.99.

Inv Vk Mun Opp Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a $0.0625 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 7.5%.

Hedge Funds Weigh In On Inv Vk Mun Opp

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of Inv Vk Mun Opp by 1,328.5% in the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock worth $39,000 after acquiring an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Inv Vk Mun Opp by 252.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after purchasing an additional 5,490 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Inv Vk Mun Opp by 1,039.1% during the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock valued at $84,000 after purchasing an additional 7,970 shares during the period. Merit Financial Group LLC bought a new position in shares of Inv Vk Mun Opp in the 4th quarter worth approximately $96,000. Finally, First Trust Advisors LP purchased a new position in shares of Inv Vk Mun Opp in the fourth quarter worth approximately $98,000. 42.57% of the stock is owned by institutional investors.

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.