Invesco Municipal Income Opportunities Trust (NYSE:OIA - Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 12,100 shares, a drop of 52.9% from the February 13th total of 25,700 shares. Based on an average daily volume of 158,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.
Invesco Municipal Income Opportunities Trust Price Performance
Shares of Invesco Municipal Income Opportunities Trust stock traded down $0.02 during trading on Tuesday, hitting $5.95. 105,852 shares of the stock were exchanged, compared to its average volume of 98,779. The firm's 50-day moving average price is $6.09 and its 200 day moving average price is $6.37. Invesco Municipal Income Opportunities Trust has a 12-month low of $5.78 and a 12-month high of $6.99.
Invesco Municipal Income Opportunities Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0291 per share. The ex-dividend date is Monday, March 17th. This represents a $0.35 annualized dividend and a dividend yield of 5.86%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Signaturefd LLC purchased a new stake in Invesco Municipal Income Opportunities Trust during the fourth quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in Invesco Municipal Income Opportunities Trust during the fourth quarter worth approximately $41,000. Ameriflex Group Inc. purchased a new stake in shares of Invesco Municipal Income Opportunities Trust during the 4th quarter worth approximately $50,000. Virtu Financial LLC acquired a new position in shares of Invesco Municipal Income Opportunities Trust in the 3rd quarter valued at $72,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Invesco Municipal Income Opportunities Trust in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 12.57% of the company's stock.
About Invesco Municipal Income Opportunities Trust
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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.
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