Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 172,900 shares, a growth of 334.4% from the August 15th total of 39,800 shares. Based on an average daily volume of 74,300 shares, the days-to-cover ratio is currently 2.3 days.
Shares of VKQ opened at $13.88 on Wednesday. The business’s 50-day moving average price is $13.83 and its 200 day moving average price is $13.54. Invesco Municipal Trust has a 1-year low of $11.86 and a 1-year high of $14.15.
The company also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Tuesday, September 14th will be paid a $0.0524 dividend. The ex-dividend date is Monday, September 13th. This represents a $0.63 annualized dividend and a dividend yield of 4.53%.
About Invesco Municipal Trust
Invesco Municipal Trust operates as a diversified, closed-end management investment company. Its investment objective is to seek to provide a high level of current income exempt from federal income tax consistent with preservation of capital. The company was founded on July 19, 1991 and is headquartered in Atlanta, GA.
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