Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

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 trading volume, of 152,400 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Invesco Municipal Trust

Several institutional investors and hedge funds have recently made changes to their positions in VKQ. Community Bank N.A. raised its position 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 acquiring an additional 2,000 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Invesco Municipal Trust during the 3rd quarter worth approximately $108,000. Atlanta Consulting Group Advisors LLC purchased a new stake in Invesco Municipal Trust in the 4th quarter valued at approximately $118,000. First Trust Advisors LP grew its holdings in Invesco Municipal Trust by 11.3% during 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 during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Invesco Municipal Trust during the fourth quarter worth $150,000. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Trust Stock Down 0.7 %

NYSE VKQ opened at $9.99 on Wednesday. The business has a 50 day moving average price of $9.86 and a 200 day moving average price of $10.01. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47.

Invesco Municipal Trust Announces Dividend

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

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.