Inv Vk Mun Tr (NYSE:VKQ) Short Interest Update

Inv Vk Mun Tr (NYSE:VKQ) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 89,232 shares, a growth of 201.7% from the November 30th total of 29,577 shares. Based on an average trading volume of 199,336 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 199,336 shares, the days-to-cover ratio is presently 0.4 days.

Insiders Place Their Bets

In other news, Portfolio Manager Timothy M. O’reilly acquired 5,200 shares of Inv Vk Mun Tr stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of $9.62 per share, for a total transaction of $50,024.00. Following the transaction, the portfolio manager owned 10,747 shares of the company’s stock, valued at $103,386.14. The trade was a 93.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Riverbridge Partners LLC increased its holdings in Inv Vk Mun Tr by 3.5% during the 3rd quarter. Riverbridge Partners LLC now owns 31,612 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 1,070 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its holdings in shares of Inv Vk Mun Tr by 2.8% during the third quarter. Wealth Alliance Advisory Group LLC now owns 74,716 shares of the investment management company’s stock worth $721,000 after purchasing an additional 2,000 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Inv Vk Mun Tr by 16.9% in the second quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock valued at $130,000 after buying an additional 2,051 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Inv Vk Mun Tr in the third quarter valued at about $36,000. Finally, Baird Financial Group Inc. lifted its position in Inv Vk Mun Tr by 2.3% during the 1st quarter. Baird Financial Group Inc. now owns 170,571 shares of the investment management company’s stock worth $1,646,000 after buying an additional 3,848 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Stock Up 0.4%

Shares of NYSE:VKQ traded up $0.04 on Friday, hitting $9.64. The stock had a trading volume of 280,861 shares, compared to its average volume of 193,693. The firm’s 50 day moving average price is $9.65 and its 200-day moving average price is $9.40. Inv Vk Mun Tr has a twelve month low of $8.86 and a twelve month high of $10.18.

Inv Vk Mun Tr Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, December 16th.

About Inv Vk Mun Tr

Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.