Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 113,500 shares, a drop of 37.8% from the February 28th total of 182,500 shares. Based on an average daily volume of 143,300 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Municipal Trust Stock Performance

Shares of NYSE VKQ traded up $0.11 during midday trading on Friday, hitting $9.64. 178,158 shares of the company’s stock were exchanged, compared to its average volume of 155,229. Invesco Municipal Trust has a twelve month low of $9.15 and a twelve month high of $10.47. The stock’s 50 day moving average price is $9.86 and its 200-day moving average price is $9.97.

Invesco Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Investors Weigh In On Invesco Municipal Trust

A number of hedge funds and other institutional investors have recently modified their holdings of VKQ. PNC Financial Services Group Inc. increased its stake in Invesco Municipal Trust by 467.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company’s stock valued at $417,000 after buying an additional 35,032 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco Municipal Trust during the fourth quarter valued at approximately $310,000. HighTower Advisors LLC bought a new stake in Invesco Municipal Trust during the third quarter worth approximately $429,000. Van ECK Associates Corp raised its holdings in Invesco Municipal Trust by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock worth $4,061,000 after purchasing an additional 10,868 shares in the last quarter. Finally, Community Bank N.A. lifted its position in Invesco Municipal Trust by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock worth $41,000 after purchasing an additional 2,000 shares during the period. 32.00% of the stock is currently owned by institutional investors.

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.