Short Interest in Invesco Municipal Opportunity Trust (NYSE:VMO) Increases By 176.5%

Invesco Municipal Opportunity Trust (NYSE:VMO) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 107,000 shares, a growth of 176.5% from the October 15th total of 38,700 shares. Based on an average daily volume of 248,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Municipal Opportunity Trust

Institutional investors have recently modified their holdings of the business. Raymond James & Associates raised its holdings in Invesco Municipal Opportunity Trust by 8.1% during the third quarter. Raymond James & Associates now owns 377,675 shares of the investment management company’s stock worth $3,879,000 after purchasing an additional 28,419 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Invesco Municipal Opportunity Trust by 12.0% during the first quarter. Janney Montgomery Scott LLC now owns 59,652 shares of the investment management company’s stock worth $580,000 after purchasing an additional 6,396 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Invesco Municipal Opportunity Trust during the first quarter worth $180,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the second quarter worth $45,000. Finally, Angeles Investment Advisors LLC acquired a new position in shares of Invesco Municipal Opportunity Trust in the second quarter worth $473,000. 42.57% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Opportunity Trust Trading Down 1.0 %

Shares of VMO stock traded down $0.10 during midday trading on Friday, hitting $9.87. The company had a trading volume of 184,122 shares, compared to its average volume of 215,253. The company’s 50 day simple moving average is $10.11 and its 200 day simple moving average is $9.98. Invesco Municipal Opportunity Trust has a 52-week low of $8.86 and a 52-week high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.60%.

About Invesco Municipal Opportunity Trust

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.