Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Rises By 24.3%

Inv Vk Mun Tr (NYSE:VKQ) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 87,056 shares, an increase of 24.3% from the January 29th total of 70,010 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 207,700 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 207,700 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Inv Vk Mun Tr Stock Down 0.4%

VKQ traded down $0.04 during mid-day trading on Wednesday, reaching $9.85. The stock had a trading volume of 276,078 shares, compared to its average volume of 190,598. The firm’s fifty day simple moving average is $9.78 and its two-hundred day simple moving average is $9.63. Inv Vk Mun Tr has a 52 week low of $8.86 and a 52 week high of $10.06.

Inv Vk Mun Tr Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.0628 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VKQ. Invesco Ltd. boosted its holdings in Inv Vk Mun Tr by 28.4% during the fourth quarter. Invesco Ltd. now owns 215,207 shares of the investment management company’s stock worth $2,077,000 after buying an additional 47,615 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Inv Vk Mun Tr by 159.2% in the fourth quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company’s stock valued at $2,174,000 after purchasing an additional 138,365 shares in the last quarter. Rivernorth Capital Management LLC boosted its position in Inv Vk Mun Tr by 31.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock worth $55,669,000 after acquiring an additional 1,390,317 shares during the last quarter. Guggenheim Capital LLC grew its position in Inv Vk Mun Tr by 0.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,199,525 shares of the investment management company’s stock valued at $11,575,000 after purchasing an additional 8,278 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Inv Vk Mun Tr by 40.9% in the 4th quarter. Osaic Holdings Inc. now owns 20,106 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 5,841 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors.

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.