Short Interest in Invesco Municipal Trust (NYSE:VKQ) Drops By 30.4%

by · The Cerbat Gem

Invesco Municipal Trust (NYSE:VKQ – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 79,000 shares, a decline of 30.4% from the March 15th total of 113,500 shares. Based on an average daily trading volume, of 132,200 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco Municipal Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in shares of Invesco Municipal Trust by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company’s stock worth $118,000 after acquiring an additional 1,216 shares during the period. Atlanta Consulting Group Advisors LLC bought a new position in Invesco Municipal Trust in the fourth quarter worth $118,000. Sowell Financial Services LLC purchased a new position in Invesco Municipal Trust during the first quarter valued at $135,000. Landscape Capital Management L.L.C. purchased a new position in Invesco Municipal Trust during the fourth quarter valued at $150,000. Finally, Permanent Capital Management LP bought a new stake in shares of Invesco Municipal Trust during the 4th quarter valued at $155,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

VKQ stock traded down $0.01 on Friday, reaching $9.16. The company’s stock had a trading volume of 214,171 shares, compared to its average volume of 159,000. The business has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.87. Invesco Municipal Trust has a 12-month low of $8.86 and a 12-month high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.0628 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.75 annualized dividend and a dividend yield of 8.23%.

About Invesco Municipal Trust

(Get Free Report)

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.

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