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

Invmun Incom (NYSE:OIA) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 32,365 shares, a drop of 60.4% from the May 31st total of 81,805 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 104,011 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invmun Incom

Several institutional investors and hedge funds have recently bought and sold shares of OIA. Garton & Associates Financial Advisors LLC purchased a new stake in Invmun Incom during the 4th quarter valued at approximately $38,000. Evergreen Capital Management LLC purchased a new stake in shares of Invmun Incom in the fourth quarter valued at about $78,000. HRT Financial LP acquired a new position in shares of Invmun Incom during the fourth quarter worth about $83,000. Baird Financial Group Inc. increased its stake in shares of Invmun Incom by 31.9% during the second quarter. Baird Financial Group Inc. now owns 16,555 shares of the investment management company’s stock worth $95,000 after acquiring an additional 4,000 shares during the period. Finally, Nuveen LLC purchased a new position in Invmun Incom during the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 12.57% of the company’s stock.

Invmun Incom Trading Up 0.7%

OIA traded up $0.04 during trading on Monday, hitting $6.22. 172,831 shares of the stock were exchanged, compared to its average volume of 106,836. Invmun Incom has a 1-year low of $5.51 and a 1-year high of $6.40. The stock has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $6.14.

Invmun Incom Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0291 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

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.