Invesco Municipal Income Opportunities Trust (NYSE:OIA) Sees Significant Drop in Short Interest

Invesco Municipal Income Opportunities Trust (NYSE:OIA) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 44,100 shares, a decline of 45.8% from the November 30th total of 81,400 shares. Based on an average daily trading volume, of 99,200 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Municipal Income Opportunities Trust Price Performance

OIA opened at $5.95 on Friday. The stock’s 50-day moving average price is $6.47 and its 200 day moving average price is $6.50. Invesco Municipal Income Opportunities Trust has a 12-month low of $5.78 and a 12-month high of $6.99.

Invesco Municipal Income Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0291 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.35 dividend on an annualized basis and a yield of 5.87%.

Institutional Trading of Invesco Municipal Income Opportunities Trust

Several hedge funds have recently modified their holdings of OIA. Virtu Financial LLC purchased a new stake in shares of Invesco Municipal Income Opportunities Trust during the third quarter worth approximately $72,000. Creekside Partners acquired a new position in shares of Invesco Municipal Income Opportunities Trust during the 2nd quarter worth about $95,000. Wolverine Asset Management LLC acquired a new position in shares of Invesco Municipal Income Opportunities Trust during the 2nd quarter worth about $119,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Invesco Municipal Income Opportunities Trust in the 3rd quarter valued at about $137,000. Finally, Providence First Trust Co lifted its stake in Invesco Municipal Income Opportunities Trust by 61.4% during the second quarter. Providence First Trust Co now owns 41,974 shares of the investment management company’s stock worth $267,000 after purchasing an additional 15,974 shares during the last quarter. 12.57% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Income Opportunities Trust 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.