Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 136,100 shares, a growth of 2,168.3% from the October 15th total of 6,000 shares. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is presently 0.7 days.

Invesco Municipal Trust Stock Performance

NYSE VKQ traded down $0.04 during trading hours on Thursday, hitting $10.10. 78,143 shares of the company traded hands, compared to its average volume of 158,645. The business’s 50-day moving average is $10.16 and its 200-day moving average is $9.99. Invesco Municipal Trust has a twelve month low of $8.83 and a twelve month high of $10.47.

Invesco Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0628 per share. The ex-dividend date is Friday, November 15th. This represents a $0.75 annualized dividend and a yield of 7.46%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VKQ. Commonwealth Equity Services LLC increased its stake in shares of Invesco Municipal Trust by 36.7% during the second quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock worth $1,561,000 after purchasing an additional 42,096 shares during the period. Advisors Asset Management Inc. grew its position in Invesco Municipal Trust by 93.1% in the first quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company’s stock valued at $1,714,000 after acquiring an additional 85,239 shares during the last quarter. Rothschild Investment LLC acquired a new position in Invesco Municipal Trust during the 2nd quarter worth approximately $911,000. Wealth Alliance Advisory Group LLC lifted its stake in shares of Invesco Municipal Trust by 3.3% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 57,109 shares of the investment management company’s stock valued at $569,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Wealthspire Advisors LLC bought a new stake in shares of Invesco Municipal Trust during the second quarter worth about $441,000. 32.00% of the stock is owned by institutional investors and hedge funds.

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.