Invesco Municipal Trust (NYSE:VKQ) Short Interest Down 62.3% in June

Invesco Municipal Trust (NYSE:VKQ) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 57,900 shares, a drop of 62.3% from the June 15th total of 153,400 shares. Based on an average trading volume of 133,500 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Municipal Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco Municipal Trust in the first quarter valued at $122,000. Advisors Asset Management Inc. lifted its position in Invesco Municipal Trust by 93.1% during the 1st quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company’s stock worth $1,714,000 after acquiring an additional 85,239 shares during the period. Robinson Capital Management LLC grew its position in Invesco Municipal Trust by 19.3% in the 1st quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company’s stock valued at $5,766,000 after buying an additional 99,443 shares during the last quarter. Karpus Management Inc. raised its holdings in Invesco Municipal Trust by 30.3% during the first quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company’s stock worth $26,228,000 after purchasing an additional 628,699 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Invesco Municipal Trust in the 1st quarter valued at approximately $136,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Up 1.0 %

NYSE:VKQ traded up $0.10 on Thursday, reaching $10.17. 84,788 shares of the company’s stock were exchanged, compared to its average volume of 143,001. Invesco Municipal Trust has a 52-week low of $7.94 and a 52-week high of $10.17. The business has a fifty day moving average of $9.83 and a 200-day moving average of $9.60.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th will be paid a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Tuesday, July 16th.

About Invesco Municipal Trust

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.