Inv Vk Mun Opp (NYSE:VMO – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 168,481 shares, a decrease of 48.5% from the September 15th total of 327,125 shares. Based on an average trading volume of 553,558 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Inv Vk Mun Opp Price Performance
NYSE VMO traded up $0.08 during trading hours on Friday, reaching $8.79. 185,021 shares of the company’s stock were exchanged, compared to its average volume of 262,970. The company’s 50-day moving average is $9.19 and its two-hundred day moving average is $9.53. Inv Vk Mun Opp has a one year low of $8.12 and a one year high of $10.10.
Inv Vk Mun Opp Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a $0.0625 dividend. This is a boost from Inv Vk Mun Opp’s previous monthly dividend of $0.0625. This represents a $0.75 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Wednesday, October 14th.
Insider Buying and Selling at Inv Vk Mun Opp
In other news, Portfolio Manager Rebecca Setcavage acquired 3,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was purchased at an average cost of $8.64 per share, with a total value of $25,920.00. Following the acquisition, the portfolio manager owned 3,000 shares of the company’s stock, valued at $25,920. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Inv Vk Mun Opp
Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new position in shares of Inv Vk Mun Opp during the second quarter worth approximately $147,000. NewEdge Advisors LLC boosted its position in shares of Inv Vk Mun Opp by 8.6% during the 2nd quarter. NewEdge Advisors LLC now owns 137,771 shares of the investment management company’s stock worth $1,360,000 after acquiring an additional 10,896 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Inv Vk Mun Opp during the second quarter worth $244,000. Citadel Advisors LLC acquired a new stake in shares of Inv Vk Mun Opp in the 2nd quarter valued at $417,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Inv Vk Mun Opp by 40.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 53,559 shares of the investment management company’s stock valued at $529,000 after purchasing an additional 15,318 shares during the last quarter. 42.57% of the stock is currently owned by institutional investors and hedge funds.
About Inv Vk Mun Opp
Invesco Municipal Opportunity Trust (NYSE: VMO) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund primarily invests in a portfolio of municipal securities issued by states, cities, counties, public authorities and other governmental entities in the United States.
The trust may invest in a range of tax-exempt securities, including general obligation and revenue bonds. Revenue bonds are typically backed by income from projects or services such as transportation systems, utilities, hospitals, housing programs and educational facilities.
See Also
- Five stocks we like better than Inv Vk Mun Opp
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Inv Vk Mun Opp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inv Vk Mun Opp and related companies with MarketBeat.com's FREE daily email newsletter.
