Invesco Municipal Opportunity Trust (NYSE:VMO) Short Interest Down 32.7% in March

Invesco Municipal Opportunity Trust (NYSE:VMO) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 44,400 shares, a decrease of 32.7% from the March 15th total of 66,000 shares. Based on an average daily trading volume, of 244,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Invesco Municipal Opportunity Trust

Hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC lifted its holdings in Invesco Municipal Opportunity Trust by 26.2% in the third quarter. Rivernorth Capital Management LLC now owns 2,367,527 shares of the investment management company’s stock valued at $24,315,000 after acquiring an additional 491,922 shares during the period. Robinson Capital Management LLC grew its stake in shares of Invesco Municipal Opportunity Trust by 44.1% during the 4th quarter. Robinson Capital Management LLC now owns 1,697,121 shares of the investment management company’s stock worth $16,496,000 after purchasing an additional 519,405 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Invesco Municipal Opportunity Trust by 48.2% during the 4th quarter. Guggenheim Capital LLC now owns 945,263 shares of the investment management company’s stock valued at $9,188,000 after purchasing an additional 307,338 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Municipal Opportunity Trust in the 4th quarter valued at $7,598,000. Finally, Van ECK Associates Corp boosted its holdings in Invesco Municipal Opportunity Trust by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 507,362 shares of the investment management company’s stock worth $4,932,000 after buying an additional 21,173 shares in the last quarter. Hedge funds and other institutional investors own 42.57% of the company’s stock.

Invesco Municipal Opportunity Trust Stock Performance

Shares of NYSE VMO opened at $9.25 on Friday. Invesco Municipal Opportunity Trust has a 12 month low of $8.81 and a 12 month high of $10.39. The company has a 50 day simple moving average of $9.56 and a two-hundred day simple moving average of $9.77.

Invesco Municipal Opportunity Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.10%.

Invesco Municipal Opportunity Trust Company Profile

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.