Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 42,100 shares, an increase of 37.6% from the April 30th total of 30,600 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 152,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Invesco Municipal Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Invesco Municipal Trust by 467.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 35,032 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Municipal Trust in the 4th quarter worth about $310,000. LPL Financial LLC lifted its holdings in Invesco Municipal Trust by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company’s stock valued at $4,306,000 after purchasing an additional 328,085 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Invesco Municipal Trust by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock valued at $4,061,000 after purchasing an additional 10,868 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Invesco Municipal Trust by 150.3% in the 4th quarter. Invesco Ltd. now owns 102,992 shares of the investment management company’s stock valued at $1,010,000 after purchasing an additional 61,839 shares in the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

VKQ stock opened at $9.19 on Wednesday. The business has a 50 day moving average price of $9.31 and a 200 day moving average price of $9.68. Invesco Municipal Trust has a fifty-two week low of $8.86 and a fifty-two week high of $10.47.

Invesco Municipal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Tuesday, June 17th.

Invesco Municipal Trust Company Profile

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.