Short Interest in Inv Vk Mun Opp (NYSE:VMO) Declines By 36.9%

Inv Vk Mun Opp (NYSE:VMO) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 77,840 shares, a decrease of 36.9% from the December 15th total of 123,339 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 279,687 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 279,687 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its holdings in Inv Vk Mun Opp by 1,328.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,214 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,919 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Inv Vk Mun Opp by 252.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,661 shares of the investment management company’s stock worth $70,000 after acquiring an additional 5,490 shares during the last quarter. Permanent Capital Management LP purchased a new position in Inv Vk Mun Opp during the third quarter valued at $141,000. Ashton Thomas Private Wealth LLC purchased a new position in Inv Vk Mun Opp during the third quarter valued at $150,000. Finally, Focus Partners Wealth bought a new stake in Inv Vk Mun Opp in the 3rd quarter valued at $158,000. 42.57% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Opp Stock Up 0.2%

Shares of VMO traded up $0.02 during trading hours on Friday, reaching $9.75. 240,580 shares of the stock traded hands, compared to its average volume of 239,820. The company’s 50-day moving average price is $9.62 and its two-hundred day moving average price is $9.46. Inv Vk Mun Opp has a 52-week low of $8.81 and a 52-week high of $9.94.

Inv Vk Mun Opp Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.0625 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Inv Vk Mun Opp

Inv Vk Mun Opp (NYSE: VMO), known as the Invesco Municipal Opportunity Trust, is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax, along with the potential for capital appreciation. The fund primarily invests in a diversified portfolio of municipal securities issued by U.S. states, cities and local governments. Its investment strategy emphasizes selecting undervalued bonds that offer attractive tax-exempt yields, while maintaining a focus on credit quality and liquidity.

The portfolio manager employs both fundamental credit analysis and relative-value techniques to identify investment opportunities across various sectors of the municipal bond market.