Invesco Municipal Trust (NYSE:VKQ) Sees Significant Drop in Short Interest

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large drop in short interest in 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 trading volume of 143,300 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco Municipal Trust

Institutional investors have recently made changes to their positions in the stock. Community Bank N.A. grew 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 acquiring an additional 2,000 shares in the last quarter. First Trust Advisors LP lifted its stake in Invesco Municipal Trust by 11.3% during the fourth quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company’s stock worth $118,000 after purchasing an additional 1,216 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Invesco Municipal Trust during the 4th quarter valued at about $118,000. Landscape Capital Management L.L.C. bought a new position in shares of Invesco Municipal Trust during the 4th quarter valued at about $150,000. Finally, Permanent Capital Management LP bought a new stake in Invesco Municipal Trust in the 4th quarter worth approximately $155,000. Institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

Shares of VKQ traded up $0.11 during trading hours on Friday, reaching $9.64. 178,158 shares of the company’s stock traded hands, compared to its average volume of 155,229. The firm’s 50 day simple moving average is $9.86 and its 200-day simple moving average is $9.97. Invesco Municipal Trust has a 12 month low of $9.15 and a 12 month high of $10.47.

Invesco Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.0628 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.75 annualized dividend and a yield of 7.82%.

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.