Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

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

Invesco Municipal Trust Trading Down 0.7 %

Shares of VKQ traded down $0.07 during midday trading on Monday, hitting $9.69. The stock had a trading volume of 99,216 shares, compared to its average volume of 123,671. The stock’s 50 day moving average is $9.88 and its 200 day moving average is $10.00. Invesco Municipal Trust has a 1 year low of $9.15 and a 1 year high of $10.47.

Invesco Municipal Trust Dividend Announcement

The firm 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 dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend is Monday, March 17th.

Hedge Funds Weigh In On Invesco Municipal Trust

A number of large investors have recently bought and sold shares of VKQ. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Municipal Trust during the fourth quarter worth $310,000. HighTower Advisors LLC bought a new stake in Invesco Municipal Trust during the 3rd quarter valued at about $429,000. Van ECK Associates Corp boosted its position in Invesco Municipal Trust by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock valued at $4,061,000 after buying an additional 10,868 shares during the period. Community Bank N.A. grew its stake in Invesco Municipal Trust by 100.0% in the 3rd 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 in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of Invesco Municipal Trust by 37.2% during the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after acquiring an additional 187,221 shares during the period. Hedge funds and other institutional investors own 32.00% of the company’s stock.

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.