Inv Vk Mun Opp (NYSE:VMO) Short Interest Down 27.4% in January

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

Inv Vk Mun Opp Stock Up 0.4%

Inv Vk Mun Opp stock traded up $0.04 during trading on Friday, reaching $9.99. 301,590 shares of the company’s stock were exchanged, compared to its average volume of 250,632. Inv Vk Mun Opp has a 52-week low of $8.81 and a 52-week high of $9.99. The company’s 50-day moving average is $9.69 and its two-hundred day moving average is $9.56.

Inv Vk Mun Opp Announces Dividend

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

Hedge Funds Weigh In On Inv Vk Mun Opp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its stake in shares of Inv Vk Mun Opp by 1,328.5% during the second quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 3,919 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Inv Vk Mun Opp by 252.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after buying an additional 5,490 shares in the last quarter. Global Retirement Partners LLC boosted its position in Inv Vk Mun Opp by 1,039.1% in the 4th quarter. Global Retirement Partners LLC now owns 8,737 shares of the investment management company’s stock valued at $84,000 after buying an additional 7,970 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Inv Vk Mun Opp during the fourth quarter valued at about $96,000. Finally, First Trust Advisors LP acquired a new stake in Inv Vk Mun Opp during the 4th quarter valued at approximately $98,000. 42.57% of the stock is owned by institutional investors and hedge funds.

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.