Inv Vk Mun Opp (NYSE:VMO) Short Interest Update

Inv Vk Mun Opp (NYSE:VMO) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 101,196 shares, a growth of 30.0% from the December 31st total of 77,840 shares. Based on an average daily volume of 245,322 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 245,322 shares, the days-to-cover ratio is presently 0.4 days.

Inv Vk Mun Opp Stock Performance

Inv Vk Mun Opp stock traded down $0.03 during mid-day trading on Monday, hitting $9.70. The company’s stock had a trading volume of 276,023 shares, compared to its average volume of 245,540. The business has a 50 day moving average price of $9.63 and a 200-day moving average price of $9.50. Inv Vk Mun Opp has a 12 month low of $8.81 and a 12 month high of $9.94.

Inv Vk Mun Opp Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were issued a $0.0625 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Thursday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Inv Vk Mun Opp by 16.9% in the first quarter. Royal Bank of Canada now owns 44,400 shares of the investment management company’s stock worth $421,000 after acquiring an additional 6,422 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Inv Vk Mun Opp by 7.4% in the first quarter. NewEdge Advisors LLC now owns 57,365 shares of the investment management company’s stock worth $544,000 after buying an additional 3,937 shares during the last quarter. Jane Street Group LLC purchased a new position in Inv Vk Mun Opp during the first quarter valued at $156,000. Mackay Shields LLC lifted its holdings in Inv Vk Mun Opp by 48.1% during the second quarter. Mackay Shields LLC now owns 307,705 shares of the investment management company’s stock valued at $2,825,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Ackerman Capital Advisors LLC lifted its stake in shares of Inv Vk Mun Opp by 173.4% during the 2nd quarter. Ackerman Capital Advisors LLC now owns 27,917 shares of the investment management company’s stock valued at $256,000 after buying an additional 17,706 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

About Inv Vk Mun Opp

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.