Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Down 79.6% in April

Invesco Municipal Opportunity Trust (NYSE:VMOGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 8,700 shares, a drop of 79.6% from the April 15th total of 42,700 shares. Based on an average daily trading volume, of 269,200 shares, the days-to-cover ratio is presently 0.0 days.

Several hedge funds have recently added to or reduced their stakes in VMO. Guggenheim Capital LLC boosted its holdings in Invesco Municipal Opportunity Trust by 0.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,813,617 shares of the investment management company’s stock worth $25,047,000 after purchasing an additional 13,128 shares during the period. UBS Group AG boosted its holdings in Invesco Municipal Opportunity Trust by 3.2% in the third quarter. UBS Group AG now owns 1,688,110 shares of the investment management company’s stock worth $23,110,000 after purchasing an additional 53,042 shares during the period. Fiera Capital Corp boosted its holdings in Invesco Municipal Opportunity Trust by 206.2% in the first quarter. Fiera Capital Corp now owns 416,675 shares of the investment management company’s stock worth $4,771,000 after purchasing an additional 280,590 shares during the period. Van ECK Associates Corp boosted its holdings in Invesco Municipal Opportunity Trust by 33.5% in the first quarter. Van ECK Associates Corp now owns 369,201 shares of the investment management company’s stock worth $4,227,000 after purchasing an additional 92,646 shares during the period. Finally, Raymond James & Associates boosted its holdings in Invesco Municipal Opportunity Trust by 3.0% in the first quarter. Raymond James & Associates now owns 358,056 shares of the investment management company’s stock worth $4,100,000 after purchasing an additional 10,425 shares during the period.

VMO stock opened at $10.29 on Friday. Invesco Municipal Opportunity Trust has a twelve month low of $10.23 and a twelve month high of $14.09. The firm has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $12.28.

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be given a dividend of $0.0491 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Friday, May 13th.

Invesco Municipal Opportunity Trust Company Profile (Get Rating)

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.

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