Invesco Municipal Trust (NYSE:VKQ) Short Interest Down 21.7% in December

Invesco Municipal Trust (NYSE:VKQ) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 58,100 shares, a drop of 21.7% from the November 30th total of 74,200 shares. Based on an average daily volume of 203,800 shares, the short-interest ratio is presently 0.3 days.

Invesco Municipal Trust Price Performance

Shares of NYSE VKQ traded up $0.09 during mid-day trading on Monday, hitting $9.63. The company had a trading volume of 379,569 shares, compared to its average volume of 162,384. The firm has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $10.05. Invesco Municipal Trust has a one year low of $9.15 and a one year high of $10.47.

Invesco Municipal Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Community Bank N.A. increased its position in Invesco Municipal Trust by 100.0% during the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock worth $41,000 after buying an additional 2,000 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in shares of Invesco Municipal Trust during the 2nd quarter worth approximately $68,000. Private Advisor Group LLC bought a new stake in Invesco Municipal Trust in the 3rd quarter valued at $108,000. Ackerman Capital Advisors LLC acquired a new stake in Invesco Municipal Trust during the 3rd quarter valued at $137,000. Finally, Sanctuary Advisors LLC bought a new position in Invesco Municipal Trust during the second quarter worth $142,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.