Short Interest in Invmun Incom (NYSE:OIA) Increases By 122.4%

Invmun Incom (NYSE:OIA – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 119,941 shares, an increase of 122.4% from the June 30th total of 53,935 shares. Based on an average daily volume of 121,738 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

Invmun Incom Stock Performance

OIA stock traded down $0.01 during trading on Wednesday, hitting $6.10. 134,431 shares of the company’s stock traded hands, compared to its average volume of 101,656. Invmun Incom has a 1 year low of $5.51 and a 1 year high of $6.40. The business has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $6.16.

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Invmun Incom Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a $0.0291 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OIA. Garton & Associates Financial Advisors LLC bought a new stake in Invmun Incom during the fourth quarter valued at about $38,000. Evergreen Capital Management LLC bought a new position in Invmun Incom in the fourth quarter worth about $78,000. HRT Financial LP purchased a new stake in shares of Invmun Incom during the fourth quarter valued at about $83,000. Baird Financial Group Inc. boosted its holdings in shares of Invmun Incom by 31.9% in the 2nd quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock valued at $95,000 after buying an additional 4,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Invmun Incom in the 4th quarter valued at about $96,000. 12.57% of the stock is owned by institutional investors.

Invmun Incom Company Profile

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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. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds rated BB or better by Standard & Poor's or Ba or better by Moody's.

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