Invmun Incom (NYSE:OIA) Short Interest Up 321.9% in August

Invmun Incom (NYSE:OIA) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 67,900 shares, an increase of 321.9% from the August 15th total of 16,095 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,319 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its holdings in Invmun Incom by 241.4% in the third quarter. Raymond James Financial Inc. now owns 546,875 shares of the investment management company’s stock worth $3,298,000 after buying an additional 386,668 shares during the period. Guggenheim Capital LLC boosted its stake in Invmun Incom by 14.4% in the 4th quarter. Guggenheim Capital LLC now owns 1,020,442 shares of the investment management company’s stock worth $6,133,000 after purchasing an additional 128,382 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invmun Incom by 68.3% during the fourth quarter. Wells Fargo & Company MN now owns 278,112 shares of the investment management company’s stock valued at $1,671,000 after buying an additional 112,896 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Invmun Incom by 51.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 201,154 shares of the investment management company’s stock worth $1,209,000 after purchasing an additional 68,260 shares in the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in Invmun Incom in the 2nd quarter worth about $387,000. Hedge funds and other institutional investors own 12.57% of the company’s stock.

Invmun Incom Price Performance

Shares of Invmun Incom stock traded down $0.04 during trading on Friday, reaching $5.85. The company’s stock had a trading volume of 129,211 shares, compared to its average volume of 92,870. The firm’s 50-day moving average is $6.08 and its two-hundred day moving average is $6.11. Invmun Incom has a 52-week low of $5.82 and a 52-week high of $6.40.

Invmun Incom Announces Dividend

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

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.