Inv Vk Mun Opp (NYSE:VMO) Stock Short Interest Climbs 102.7%

Inv Vk Mun Opp (NYSE:VMO) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 341,495 shares, a growth 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 daily volume of 412,388 shares, the short-interest ratio is currently 0.8 days.

Inv Vk Mun Opp Stock Up 0.9%

VMO stock traded up $0.08 during trading on Friday, reaching $9.08. 310,839 shares of the company were exchanged, compared to its average volume of 327,502. Inv Vk Mun Opp has a 52-week low of $8.12 and a 52-week high of $10.10. The stock’s 50 day moving average price is $9.01 and its 200 day moving average price is $9.56.

Inv Vk Mun Opp Increases Dividend

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

Insider Activity at Inv Vk Mun Opp

In related news, Portfolio Manager Rebecca Setcavage purchased 3,000 shares of the stock in a transaction dated Tuesday, October 13th. The shares were acquired at an average cost of $8.64 per share, with a total value of $25,920.00. Following 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 legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Inv Vk Mun Opp

Several institutional investors have recently modified their holdings of VMO. Hennion & Walsh Asset Management Inc. increased its stake in Inv Vk Mun Opp by 89.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,277,578 shares of the investment management company’s stock valued at $12,610,000 after purchasing an additional 604,561 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Inv Vk Mun Opp by 19.4% during the first quarter. Kestra Advisory Services LLC now owns 523,813 shares of the investment management company’s stock worth $4,981,000 after purchasing an additional 85,183 shares during the last quarter. Van ECK Associates Corp raised its holdings in Inv Vk Mun Opp by 1.6% during the second 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 last quarter. Global Retirement Partners LLC acquired a new position in Inv Vk Mun Opp during the second quarter worth $93,000. Finally, Burford Brothers Inc. boosted its position in Inv Vk Mun Opp by 69.9% during the first quarter. Burford Brothers Inc. now owns 48,690 shares of the investment management company’s stock worth $463,000 after purchasing an additional 20,040 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

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.