Inv Vk Mun Opp (NYSE:VMO) Sees Large Increase in Short Interest

Inv Vk Mun Opp (NYSE:VMO) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 143,901 shares, an increase of 75.5% from the February 12th total of 81,989 shares. Based on an average daily trading volume, of 186,452 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 186,452 shares, the days-to-cover ratio is presently 0.8 days.

Inv Vk Mun Opp Price Performance

NYSE VMO opened at $9.79 on Friday. Inv Vk Mun Opp has a 52 week low of $8.81 and a 52 week high of $10.10. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.66.

Inv Vk Mun Opp Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.0625 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new stake in Inv Vk Mun Opp during the 4th quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its position in shares of Inv Vk Mun Opp by 1,328.5% in the 2nd 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Inv Vk Mun Opp by 252.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock valued at $70,000 after buying an additional 5,490 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Inv Vk Mun Opp by 1,039.1% during 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. Finally, Merit Financial Group LLC acquired a new stake in shares of Inv Vk Mun Opp during the fourth quarter worth approximately $96,000. Hedge funds and other institutional investors own 42.57% of the company’s stock.

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.