VMO Stock Summary and Trading Ideas (Invesco Muni Opportunities Trust | NYSE:VMO)

The Trust seeks to provide investors with a high level of current income exempt from federal income tax, consistent with preservation of capital. The trust seeks to achieve the Trust’s investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. The Trust may also invest up to 20% of its net assets in non-investment-grade and unrated securities that the fund determine to be of comparable quality. From time to time, the trust may invest in municipal securities that pay interest subject to the federal alternative minimum tax.

Invesco Muni Opportunities Trust trades on the NYSE stock market under the symbol VMO.

As of April 18, 2024, VMO stock price declined to $9.29 with 42,065 million shares trading.

VMO has a beta of 0.64, meaning it tends to be less sensitive to market movements. VMO has a correlation of 0.30 to the broad based SPY ETF.

VMO has a market cap of $626.52 million. This is considered a Small Cap stock.

In the last 3 years, VMO stock traded as high as $14.09 and as low as $7.86.

VMO has underperformed the market in the last year with a return of +1.0%, while the SPY ETF gained +22.6%. In the last 3 month period, VMO fell short of the market, returning +0.8%, while SPY returned +6.4%. However, in the most recent 2 weeks VMO has outperformed the stock market by returning -2.4%, while SPY returned -3.6%.

VMO support price is $9.26 and resistance is $9.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VMO stock will trade within this expected range on the day.