Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Update

Invesco Municipal Opportunity Trust (NYSE:VMO) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 56,700 shares, an increase of 139.2% from the February 13th total of 23,700 shares. Based on an average daily volume of 266,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VMO. Walleye Capital LLC bought a new position in Invesco Municipal Opportunity Trust in the 3rd quarter worth $164,000. Encompass More Asset Management bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $133,000. HighTower Advisors LLC bought a new position in shares of Invesco Municipal Opportunity Trust in the third quarter worth about $496,000. Rivernorth Capital Management LLC lifted its position in shares of Invesco Municipal Opportunity Trust by 26.2% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock valued at $24,315,000 after buying an additional 491,922 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Invesco Municipal Opportunity Trust by 35.2% during the 3rd quarter. Stifel Financial Corp now owns 117,063 shares of the investment management company’s stock valued at $1,202,000 after acquiring an additional 30,463 shares during the period. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Price Performance

Shares of NYSE VMO traded down $0.05 during midday trading on Thursday, hitting $9.59. 270,214 shares of the company’s stock traded hands, compared to its average volume of 218,548. The firm has a fifty day moving average of $9.76 and a 200 day moving average of $9.92. Invesco Municipal Opportunity Trust has a 1 year low of $9.22 and a 1 year high of $10.39.

Invesco Municipal Opportunity Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0625 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.75 annualized dividend and a yield of 7.82%.

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.