Invmun Incom (NYSE:OIA) Short Interest Update

Invmun Incom (NYSE:OIA) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 119,941 shares, an increase of 122.4% from the June 30th total of 53,935 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 121,738 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invmun Incom

A number of institutional investors have recently modified their holdings of OIA. Garton & Associates Financial Advisors LLC purchased a new position in shares of Invmun Incom in the 4th quarter valued at about $38,000. Evergreen Capital Management LLC purchased a new position in Invmun Incom during the fourth quarter worth approximately $78,000. HRT Financial LP acquired a new stake in Invmun Incom in the fourth quarter valued at approximately $83,000. Baird Financial Group Inc. grew its holdings 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 purchasing an additional 4,000 shares during the period. Finally, Nuveen LLC acquired a new stake in Invmun Incom in the fourth quarter valued at approximately $96,000. 12.57% of the stock is currently owned by institutional investors and hedge funds.

Invmun Incom Stock Performance

Shares of OIA traded up $0.01 during trading hours on Tuesday, hitting $6.12. The stock had a trading volume of 22,884 shares, compared to its average volume of 106,639. The firm has a 50-day moving average price of $6.14 and a 200 day moving average price of $6.16. Invmun Incom has a fifty-two week low of $5.51 and a fifty-two week high of $6.40.

Invmun Incom Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a $0.0291 dividend. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

Invmun Incom Company Profile

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.