Invesco Municipal Income Opportunities Trust (NYSE:OIA - Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 44,100 shares, a decrease of 45.8% from the November 30th total of 81,400 shares. Based on an average daily trading volume, of 99,200 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Invesco Municipal Income Opportunities Trust in the 3rd quarter worth about $72,000. Creekside Partners purchased a new position in Invesco Municipal Income Opportunities Trust during the 2nd quarter worth $95,000. Wolverine Asset Management LLC bought a new stake in Invesco Municipal Income Opportunities Trust during the 2nd quarter valued at $119,000. Horizon Kinetics Asset Management LLC purchased a new stake in shares of Invesco Municipal Income Opportunities Trust in the 3rd quarter worth $137,000. Finally, Providence First Trust Co grew its position in shares of Invesco Municipal Income Opportunities Trust by 61.4% during the 2nd quarter. Providence First Trust Co now owns 41,974 shares of the investment management company's stock worth $267,000 after buying an additional 15,974 shares in the last quarter. Hedge funds and other institutional investors own 12.57% of the company's stock.
Invesco Municipal Income Opportunities Trust Price Performance
Shares of OIA stock traded down $0.09 during trading hours on Friday, reaching $5.86. 404,604 shares of the stock were exchanged, compared to its average volume of 90,863. Invesco Municipal Income Opportunities Trust has a 12-month low of $5.78 and a 12-month high of $6.99. The company's 50-day moving average price is $6.47 and its 200-day moving average price is $6.50.
Invesco Municipal Income Opportunities Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.0291 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Tuesday, December 17th.
About Invesco Municipal Income Opportunities Trust
(
Get Free Report)
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.
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