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

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

Invesco Municipal Trust Trading Up 1.0 %

NYSE:VKQ traded up $0.10 on Thursday, hitting $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 firm has a 50-day moving average price of $9.83 and a 200-day moving average price of $9.60.

Invesco Municipal Trust Dividend Announcement

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

Institutional Investors Weigh In On Invesco Municipal Trust

Several large investors have recently made changes to their positions in the stock. Simon Quick Advisors LLC bought a new stake in Invesco Municipal Trust in the fourth quarter valued at approximately $217,000. Summit Trail Advisors LLC acquired a new position in shares of Invesco Municipal Trust in the 4th quarter valued at approximately $204,000. Capital Investment Advisors LLC increased its stake in shares of Invesco Municipal Trust by 5.0% in the 4th quarter. Capital Investment Advisors LLC now owns 159,001 shares of the investment management company’s stock valued at $1,515,000 after purchasing an additional 7,595 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Invesco Municipal Trust by 155.0% in the fourth quarter. Wolverine Asset Management LLC now owns 44,877 shares of the investment management company’s stock worth $428,000 after acquiring an additional 27,275 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Invesco Municipal Trust in the 4th quarter valued at $101,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.