Short Interest in Invesco Municipal Trust (NYSE:VKQ) Grows By 58.1%

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 182,500 shares, an increase of 58.1% from the February 13th total of 115,400 shares. Based on an average trading volume of 150,600 shares, the days-to-cover ratio is presently 1.2 days.

Invesco Municipal Trust Trading Up 0.1 %

VKQ traded up $0.01 during trading on Friday, reaching $9.82. The company had a trading volume of 154,428 shares, compared to its average volume of 154,595. The firm’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $10.00. Invesco Municipal Trust has a 12-month low of $9.15 and a 12-month 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. Investors of record on Monday, March 17th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.68%.

Hedge Funds Weigh In On Invesco Municipal Trust

A number of institutional investors have recently bought and sold shares of the stock. Community Bank N.A. grew its stake in Invesco Municipal Trust by 100.0% during the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 2,000 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Invesco Municipal Trust by 11.3% in the 4th 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 in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Invesco Municipal Trust in the 4th quarter valued at approximately $118,000. Landscape Capital Management L.L.C. bought a new stake in shares of Invesco Municipal Trust in the 4th quarter valued at approximately $150,000. Finally, Permanent Capital Management LP bought a new stake in shares of Invesco Municipal Trust in the 4th quarter valued at approximately $155,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.

About Invesco Municipal Trust

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.