Short Interest in Invesco Municipal Trust (NYSE:VKQ) Drops By 23.0%

Invesco Municipal Trust (NYSE:VKQ) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 77,000 shares, a drop of 23.0% from the January 15th total of 100,000 shares. Based on an average trading volume of 154,500 shares, the short-interest ratio is currently 0.5 days.

Invesco Municipal Trust Trading Up 0.9 %

VKQ traded up $0.09 on Friday, hitting $9.98. The company had a trading volume of 60,555 shares, compared to its average volume of 106,221. Invesco Municipal Trust has a 12-month low of $9.15 and a 12-month high of $10.47. The business’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $10.02.

Invesco Municipal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.75 annualized dividend and a yield of 7.55%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VKQ. Sanctuary Advisors LLC bought a new position in shares of Invesco Municipal Trust during the second quarter valued at approximately $142,000. Stratos Wealth Advisors LLC grew its stake in shares of Invesco Municipal Trust by 88.1% during the third quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after buying an additional 97,273 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of Invesco Municipal Trust by 2.1% during the third quarter. Capital Investment Advisors LLC now owns 174,514 shares of the investment management company’s stock valued at $1,791,000 after buying an additional 3,672 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Invesco Municipal Trust by 5.7% during the third quarter. Wealth Alliance Advisory Group LLC now owns 60,382 shares of the investment management company’s stock valued at $620,000 after buying an additional 3,273 shares during the last quarter. Finally, Madison Park Capital Advisors LLC boosted its holdings in shares of Invesco Municipal Trust by 19.1% in the third quarter. Madison Park Capital Advisors LLC now owns 31,360 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 5,025 shares during the period. Hedge funds and other institutional investors 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.