Short Interest in Invmun Incom (NYSE:OIA) Rises By 122.4%

Invmun Incom (NYSE:OIA) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 119,941 shares, a growth of 122.4% from the June 30th total of 53,935 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 121,738 shares, the short-interest ratio is currently 1.0 days.

Invmun Incom Trading Down 0.4%

Shares of NYSE:OIA traded down $0.03 on Thursday, hitting $6.11. 97,650 shares of the company’s stock were exchanged, compared to its average volume of 107,372. The firm’s 50-day moving average is $6.14 and its 200 day moving average is $6.16. Invmun Incom has a 1-year low of $5.51 and a 1-year high of $6.40.

Invmun Incom Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be paid a dividend of $0.0291 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a yield of 5.7%.

Hedge Funds Weigh In On Invmun Incom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its holdings in Invmun Incom by 88.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,057,088 shares of the investment management company’s stock worth $6,353,000 after purchasing an additional 496,014 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Invmun Incom by 28.0% in the 4th quarter. NewEdge Advisors LLC now owns 77,762 shares of the investment management company’s stock valued at $467,000 after buying an additional 17,010 shares during the last quarter. Royal Bank of Canada grew its position in shares of Invmun Incom by 6.8% in the 1st quarter. Royal Bank of Canada now owns 50,167 shares of the investment management company’s stock valued at $302,000 after buying an additional 3,210 shares during the last quarter. Jane Street Group LLC acquired a new stake in Invmun Incom during the 2nd quarter worth $195,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Invmun Incom in the fourth quarter valued at $112,000. 12.57% of the stock is owned by institutional investors and hedge funds.

Invmun Incom Company Profile

Invesco Municipal Income Opportunities 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 Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.