Inv Vk Mun Tr (NYSE:VKQ) Sees Significant Decrease in Short Interest

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 46,982 shares, a drop of 47.3% from the December 15th total of 89,232 shares. Based on an average daily trading volume, of 239,036 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 239,036 shares, the days-to-cover ratio is presently 0.2 days.

Inv Vk Mun Tr Stock Performance

Shares of NYSE VKQ traded up $0.01 during mid-day trading on Friday, hitting $9.77. 143,823 shares of the stock were exchanged, compared to its average volume of 189,320. Inv Vk Mun Tr has a twelve month low of $8.86 and a twelve month high of $10.18. The stock’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $9.47.

Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0628 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Insider Transactions at Inv Vk Mun Tr

In other news, Portfolio Manager Timothy M. O’reilly bought 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average price of $9.62 per share, for a total transaction of $50,024.00. Following the acquisition, the portfolio manager directly owned 10,747 shares of the company’s stock, valued at $103,386.14. The trade was a 93.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Inv Vk Mun Tr

Several institutional investors have recently modified their holdings of VKQ. Guggenheim Capital LLC raised its stake in shares of Inv Vk Mun Tr by 3.1% during the 2nd quarter. Guggenheim Capital LLC now owns 1,201,076 shares of the investment management company’s stock worth $10,990,000 after purchasing an additional 36,134 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Inv Vk Mun Tr by 4.9% in the third quarter. Van ECK Associates Corp now owns 357,403 shares of the investment management company’s stock valued at $3,449,000 after buying an additional 16,801 shares during the period. Raymond James Financial Inc. increased its position in shares of Inv Vk Mun Tr by 27.4% in the third quarter. Raymond James Financial Inc. now owns 259,246 shares of the investment management company’s stock worth $2,502,000 after purchasing an additional 55,702 shares during the period. Bank of America Corp DE lifted its stake in Inv Vk Mun Tr by 16.2% during the third quarter. Bank of America Corp DE now owns 184,530 shares of the investment management company’s stock worth $1,781,000 after purchasing an additional 25,674 shares during the last quarter. Finally, Smith Moore & CO. grew its holdings in shares of Inv Vk Mun Tr by 59.4% during the 3rd quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock valued at $1,599,000 after purchasing an additional 61,742 shares during the last quarter. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Company Profile

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.