Invmun Incom (NYSE:OIA) Stock Short Interest Rises 716.7%

Invmun Incom (NYSE:OIA) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 387,993 shares, a growth of 716.7% from the September 15th total of 47,509 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 305,940 shares, the short-interest ratio is currently 1.3 days.

Invmun Incom Stock Performance

Shares of NYSE:OIA traded up $0.01 on Friday, hitting $5.75. 200,900 shares of the company were exchanged, compared to its average volume of 284,608. The company’s 50 day moving average price is $5.87 and its two-hundred day moving average price is $6.03. Invmun Incom has a one year low of $5.09 and a one year high of $6.40.

Invmun Incom Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a dividend of $0.0291 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.35 dividend on an annualized basis and a yield of 6.1%.

Hedge Funds Weigh In On Invmun Incom

Several institutional investors and hedge funds have recently added to or reduced their stakes in OIA. David J Yvars Group acquired a new position in Invmun Incom in the 3rd quarter valued at approximately $132,000. NewEdge Advisors LLC grew its holdings in shares of Invmun Incom by 85.2% during the 2nd quarter. NewEdge Advisors LLC now owns 99,451 shares of the investment management company’s stock worth $618,000 after purchasing an additional 45,739 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Invmun Incom during the second quarter valued at approximately $174,000. Susquehanna International Group LLP bought a new stake in shares of Invmun Incom during the second quarter valued at approximately $102,000. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Invmun Incom during the second quarter valued at approximately $387,000. 12.57% of the stock is currently owned by institutional investors.

About Invmun Incom

Invesco Municipal Income Opportunities Trust (NYSE: OIA) is a closed-end management investment company advised by an affiliate of Invesco Ltd. The trust seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities.

Its portfolio may include bonds issued by states, municipalities, public authorities and other governmental entities across the United States. These securities typically help finance public projects and services such as education, transportation, utilities, health care and other essential infrastructure.

The trust is managed by Invesco, a global investment-management firm, and its investment strategy focuses on identifying municipal securities that may offer attractive tax-exempt income while managing credit, interest-rate and other portfolio risks.