Short Interest in Invmun Incom (NYSE:OIA) Declines By 53.9%

Invmun Incom (NYSE:OIA) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 48,371 shares, a decrease of 53.9% from the April 15th total of 104,870 shares. Based on an average daily volume of 126,841 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Invmun Incom Stock Performance

NYSE OIA traded down $0.03 during trading hours on Friday, hitting $6.06. 109,479 shares of the company traded hands, compared to its average volume of 104,078. The business’s 50-day moving average is $6.11 and its 200-day moving average is $6.12. Invmun Incom has a twelve month low of $5.51 and a twelve month high of $6.40.

Invmun Incom Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be given a dividend of $0.0291 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a yield of 5.8%.

Institutional Trading of Invmun Incom

Several institutional investors and hedge funds have recently bought and sold shares of OIA. Garton & Associates Financial Advisors LLC bought a new stake in Invmun Incom in the fourth quarter valued at approximately $38,000. Evergreen Capital Management LLC bought a new stake in Invmun Incom in the fourth quarter valued at approximately $78,000. HRT Financial LP bought a new stake in Invmun Incom in the fourth quarter valued at approximately $83,000. Vista Investment Partners II LLC bought a new stake in Invmun Incom in the third quarter valued at approximately $84,000. Finally, Baird Financial Group Inc. raised its stake in Invmun Incom by 31.9% in the second 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 during the period. Institutional investors own 12.57% of the company’s stock.

About Invmun Incom

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.