Invmun Incom (NYSE:OIA) Sees Large Increase in Short Interest

Invmun Incom (NYSE:OIA) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 67,900 shares, a growth of 321.9% from the August 15th total of 16,095 shares. Based on an average trading volume of 97,319 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Invmun Incom

Large investors have recently modified their holdings of the company. HRT Financial LP bought a new stake in Invmun Incom during the 4th quarter valued at $83,000. Garton & Associates Financial Advisors LLC purchased a new stake in Invmun Incom during the fourth quarter worth $38,000. NewEdge Advisors LLC raised its position in shares of Invmun Incom by 85.2% in the 2nd quarter. NewEdge Advisors LLC now owns 99,451 shares of the investment management company’s stock worth $618,000 after acquiring an additional 45,739 shares in the last quarter. Readystate Asset Management LP bought a new position in Invmun Incom in the second quarter worth about $174,000. Finally, Van ECK Associates Corp lifted its position in shares of Invmun Incom by 3.7% during the second quarter. Van ECK Associates Corp now owns 284,491 shares of the investment management company’s stock valued at $1,767,000 after buying an additional 10,076 shares during the last quarter. Hedge funds and other institutional investors own 12.57% of the company’s stock.

Invmun Incom Stock Down 0.0%

OIA stock opened at $5.85 on Monday. Invmun Incom has a 12 month low of $5.82 and a 12 month high of $6.40. The firm’s 50-day moving average is $6.08 and its 200 day moving average is $6.11.

Invmun Incom Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0291 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.