Invesco Municipal Income Opportunities Trust (NYSE:OIA - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 107,000 shares, a growth of 62.9% from the September 15th total of 65,700 shares. Based on an average daily volume of 73,900 shares, the days-to-cover ratio is presently 1.4 days.
Invesco Municipal Income Opportunities Trust Stock Performance
OIA stock traded down $0.08 during trading on Friday, hitting $6.83. The company had a trading volume of 49,525 shares, compared to its average volume of 84,205. The business has a 50 day moving average of $6.61 and a 200 day moving average of $6.42. Invesco Municipal Income Opportunities Trust has a fifty-two week low of $4.93 and a fifty-two week high of $6.99.
Invesco Municipal Income Opportunities Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.0291 dividend. This represents a $0.35 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Wednesday, October 16th.
Institutional Investors Weigh In On Invesco Municipal Income Opportunities Trust
Several institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in Invesco Municipal Income Opportunities Trust in the second quarter worth about $455,000. Sanctuary Advisors LLC bought a new stake in Invesco Municipal Income Opportunities Trust in the second quarter worth about $278,000. Providence First Trust Co raised its position in Invesco Municipal Income Opportunities Trust by 61.4% in the second quarter. Providence First Trust Co now owns 41,974 shares of the investment management company's stock worth $267,000 after acquiring an additional 15,974 shares in the last quarter. Napa Wealth Management bought a new stake in Invesco Municipal Income Opportunities Trust in the fourth quarter worth about $196,000. Finally, RFG Advisory LLC raised its position in Invesco Municipal Income Opportunities Trust by 11.9% in the second quarter. RFG Advisory LLC now owns 26,586 shares of the investment management company's stock worth $169,000 after acquiring an additional 2,829 shares in the last quarter. Institutional investors and hedge funds 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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