Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) saw a significant increase in short interest during the month of 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 days-to-cover ratio is currently 0.8 days.

Invesco Municipal Trust Trading Down 0.7 %

Shares of VKQ opened at $9.99 on Wednesday. Invesco Municipal Trust has a fifty-two week low of $9.15 and a fifty-two week high of $10.47. The firm has a 50-day simple moving average of $9.86 and a 200-day simple moving average of $10.01.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed 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 yield of 7.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its position in 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 during the last quarter. Seamount Financial Group Inc. lifted its stake in shares of Invesco Municipal Trust by 1.6% in the 4th quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company’s stock worth $803,000 after acquiring an additional 1,287 shares during the period. Bank of Montreal Can boosted its holdings in shares of Invesco Municipal Trust by 3.7% in the fourth quarter. Bank of Montreal Can now owns 40,107 shares of the investment management company’s stock valued at $393,000 after acquiring an additional 1,436 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco Municipal Trust by 3.1% during the fourth quarter. NewEdge Advisors LLC now owns 48,928 shares of the investment management company’s stock worth $480,000 after acquiring an additional 1,470 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Invesco Municipal Trust by 2.3% during the third quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock worth $898,000 after purchasing an additional 1,965 shares in the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

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.