Short Interest in Inv Vk Mun Opp (NYSE:VMO) Declines By 36.9%

Inv Vk Mun Opp (NYSE:VMO) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 77,840 shares, a decrease of 36.9% from the December 15th total of 123,339 shares. Based on an average daily volume of 279,687 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 279,687 shares, the days-to-cover ratio is presently 0.3 days.

Inv Vk Mun Opp Stock Performance

Shares of VMO traded up $0.02 on Friday, reaching $9.75. The company’s stock had a trading volume of 240,580 shares, compared to its average volume of 239,820. The stock’s 50 day simple moving average is $9.62 and its two-hundred day simple moving average is $9.46. Inv Vk Mun Opp has a 12-month low of $8.81 and a 12-month high of $9.94.

Inv Vk Mun Opp Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0625 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, January 15th.

Hedge Funds Weigh In On Inv Vk Mun Opp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Inv Vk Mun Opp by 3.0% in the second quarter. Bank of Montreal Can now owns 41,245 shares of the investment management company’s stock worth $379,000 after buying an additional 1,190 shares in the last quarter. Riverbridge Partners LLC grew its stake in shares of Inv Vk Mun Opp by 5.3% during the 2nd quarter. Riverbridge Partners LLC now owns 26,289 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 1,323 shares during the period. Wealth Alliance Advisory Group LLC increased its holdings in Inv Vk Mun Opp by 3.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 58,290 shares of the investment management company’s stock worth $564,000 after acquiring an additional 2,000 shares in the last quarter. Kercheville Advisors LLC increased its holdings in Inv Vk Mun Opp by 15.6% in the 3rd quarter. Kercheville Advisors LLC now owns 18,567 shares of the investment management company’s stock worth $180,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Formidable Asset Management LLC raised its stake in Inv Vk Mun Opp by 14.9% during the 3rd quarter. Formidable Asset Management LLC now owns 21,650 shares of the investment management company’s stock worth $199,000 after acquiring an additional 2,800 shares during the period. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

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.