Short Interest in Invmun Incom (NYSE:OIA) Expands By 68.3%

Invmun Incom (NYSE:OIA) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 81,402 shares, an increase of 68.3% from the April 30th total of 48,371 shares. Based on an average trading volume of 85,935 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invmun Incom

A number of large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its position in Invmun Incom by 88.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,057,088 shares of the investment management company’s stock valued at $6,353,000 after acquiring an additional 496,014 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of 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 acquiring an additional 128,382 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invmun Incom by 1.8% during the 3rd quarter. Bank of America Corp DE now owns 918,632 shares of the investment management company’s stock worth $5,539,000 after purchasing an additional 16,443 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Invmun Incom by 241.4% during the 3rd quarter. Raymond James Financial Inc. now owns 546,875 shares of the investment management company’s stock worth $3,298,000 after purchasing an additional 386,668 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in 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 purchasing an additional 112,896 shares in the last quarter. Institutional investors own 12.57% of the company’s stock.

Invmun Incom Price Performance

NYSE OIA opened at $6.08 on Friday. Invmun Incom has a one year low of $5.51 and a one year high of $6.40. The company’s 50-day simple moving average is $6.11 and its two-hundred day simple moving average is $6.13.

Invmun Incom Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0291 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, June 15th.

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.