Invesco Municipal Income Opportunities Trust (NYSE:OIA) Sees Significant Decline in Short Interest

Invesco Municipal Income Opportunities Trust (NYSE:OIA) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 81,400 shares, a drop of 17.3% from the November 15th total of 98,400 shares. Based on an average trading volume of 73,300 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Invesco Municipal Income Opportunities Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Invesco Municipal Income Opportunities Trust during the 2nd quarter valued at about $455,000. Providence First Trust Co raised its stake in Invesco Municipal Income Opportunities Trust by 61.4% in the second quarter. Providence First Trust Co now owns 41,974 shares of the investment management company’s stock valued at $267,000 after purchasing an additional 15,974 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Invesco Municipal Income Opportunities Trust in the second quarter valued at approximately $119,000. Creekside Partners bought a new stake in Invesco Municipal Income Opportunities Trust during the second quarter valued at approximately $95,000. Finally, Sanctuary Advisors LLC purchased a new position in Invesco Municipal Income Opportunities Trust in the 2nd quarter worth approximately $278,000. 12.57% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Income Opportunities Trust Price Performance

Shares of NYSE:OIA opened at $6.32 on Friday. The firm has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $6.52. Invesco Municipal Income Opportunities Trust has a one year low of $6.04 and a one year high of $6.99.

Invesco Municipal Income Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0291 per share. This represents a $0.35 annualized dividend and a yield of 5.53%. The ex-dividend date is Tuesday, December 17th.

About Invesco Municipal Income Opportunities Trust

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.