Invesco Municipal Income Opport (NYSE:OIA) Experiences Lighter than Average Trading Volume

0
27

Invesco Municipal Income Opport shares had a trading volume of 14K by the end of trading on Friday. Shares saw a steep decrease in trading volume of 84.93% under the normal average daily volume. Traders are a little more bearish on Invesco Municipal Income Opport of late if you consider the rise in short interest. The company realized a rise in short interest of 16.90% as of the latest report on September 15, 2017. Short interest increased from 129,117 to 150,935 over that period.

The following firms have recently changed their position in OIA. Hightower Advisors, LLC bolstered its holdings by buying 10 shares an increase of 0.0% from 03/31/2017 to 06/30/2017. Hightower Advisors, LLC currently owns 45,587 shares with a value of $353,000. The total value of its holdings increased 2.6%. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had acquired a total of 4,583 shares growing its stake by 3.7%. The value of the investment in Invesco Municipal Income Opport increased from $944,000 to $1,005,000 increasing 6.5% quarter to quarter.

Cetera Advisor Networks LLC grew its stake by buying 5,958 shares an increase of 4.3% in the quarter. Cetera Advisor Networks LLC owns 145,963 shares valued at $1,130,000. The value of the position overall is up by 7.0%. As of quarter end Ubs Group Ag had sold 1,967 shares trimming its position 93.6%. The value in dollars went from $16,000 to $1,000 a change of 93.8% for the reporting period.

The company is trading unchanged by 0.00%% since yesterday’s close of 7.93. The stock last traded at $7.93 which is just over the 50 day moving average which is $7.93 and just a bit higher than the 200 day moving average of $7.84. The 50 day moving average was up $0.00 or +0.05% and the 200 day average was up $0.09.

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. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was previously known as Morgan Stanley Municipal Income Opportunities Trust. Invesco Municipal Income Opportunities Trust was formed on September 19, 1988 and is domiciled in the United States..