Short Interest in Invesco Municipal Trust (NYSE:VKQ) Rises By 49.9%

Invesco Municipal Trust (NYSE:VKQ) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 115,400 shares, an increase of 49.9% from the January 31st total of 77,000 shares. Based on an average daily volume of 152,400 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VKQ. Community Bank N.A. raised its holdings in Invesco Municipal Trust by 100.0% during the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock worth $41,000 after purchasing an additional 2,000 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Invesco Municipal Trust in the 3rd quarter worth $108,000. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Invesco Municipal Trust in the 4th quarter worth $118,000. First Trust Advisors LP lifted its holdings in shares of Invesco Municipal Trust by 11.3% in the fourth quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company’s stock valued at $118,000 after buying an additional 1,216 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in Invesco Municipal Trust during the fourth quarter valued at about $150,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Price Performance

Shares of NYSE VKQ traded down $0.07 during midday trading on Tuesday, reaching $9.99. 269,928 shares of the company traded hands, compared to its average volume of 153,894. The stock has a 50-day moving average price of $9.85 and a 200 day moving average price of $10.01. Invesco Municipal Trust has a 52 week low of $9.15 and a 52 week high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, March 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.54%.

Invesco Municipal Trust Company Profile

Invesco Municipal 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 (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.