Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Update

Invesco Municipal Opportunity Trust (NYSE:VMO) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 132,000 shares, a drop of 20.4% from the May 31st total of 165,800 shares. Based on an average trading volume of 171,900 shares, the short-interest ratio is presently 0.8 days.

Invesco Municipal Opportunity Trust Trading Down 0.3 %

Shares of NYSE VMO opened at $10.08 on Friday. Invesco Municipal Opportunity Trust has a 12-month low of $7.86 and a 12-month high of $10.15. The business’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.61.

Invesco Municipal Opportunity Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were paid a $0.0625 dividend. This is a boost from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04. This represents a $0.75 annualized dividend and a dividend yield of 7.44%. The ex-dividend date was Tuesday, June 18th.

Institutional Trading of Invesco Municipal Opportunity Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Karpus Management Inc. grew its holdings in shares of Invesco Municipal Opportunity Trust by 1.2% during the first quarter. Karpus Management Inc. now owns 2,103,335 shares of the investment management company’s stock worth $20,465,000 after purchasing an additional 24,758 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Invesco Municipal Opportunity Trust by 16.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,263,852 shares of the investment management company’s stock worth $12,297,000 after buying an additional 178,550 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Invesco Municipal Opportunity Trust by 10.6% during the fourth quarter. Fiera Capital Corp now owns 1,066,784 shares of the investment management company’s stock worth $10,252,000 after buying an additional 101,893 shares during the last quarter. Robinson Capital Management LLC grew its holdings in shares of Invesco Municipal Opportunity Trust by 4.1% during the first quarter. Robinson Capital Management LLC now owns 768,126 shares of the investment management company’s stock worth $7,171,000 after buying an additional 30,192 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Invesco Municipal Opportunity Trust by 4.1% during the first quarter. Van ECK Associates Corp now owns 529,667 shares of the investment management company’s stock worth $5,154,000 after buying an additional 20,690 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Opportunity Trust Company Profile

Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.