Short Interest in Invesco Municipal Trust (NYSE:VKQ) Increases By 49.9%

Invesco Municipal Trust (NYSE:VKQ) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 115,400 shares, a growth of 49.9% from the January 31st total of 77,000 shares. Based on an average daily volume of 152,400 shares, the days-to-cover ratio is currently 0.8 days.

Invesco Municipal Trust Stock Down 0.7 %

VKQ stock traded down $0.07 on Tuesday, hitting $9.99. 269,928 shares of the company’s stock traded hands, compared to its average volume of 153,894. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47. The stock has a fifty day moving average of $9.85 and a 200-day moving average of $10.01.

Invesco Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0628 per share. The ex-dividend date is Monday, March 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.54%.

Institutional Investors Weigh In On Invesco Municipal Trust

Large investors have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Invesco Municipal Trust by 296.1% during the fourth 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 during the last quarter. Robinson Capital Management LLC raised its holdings in Invesco Municipal Trust by 36.4% during the 4th quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company’s stock worth $11,192,000 after buying an additional 304,331 shares during the period. Guggenheim Capital LLC lifted its stake in Invesco Municipal Trust by 22.5% during the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company’s stock valued at $10,468,000 after buying an additional 196,259 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Invesco Municipal Trust by 37.2% in the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after buying an additional 187,221 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Invesco Municipal Trust by 87.9% in the fourth quarter. Advisors Asset Management Inc. now owns 321,839 shares of the investment management company’s stock worth $3,157,000 after acquiring an additional 150,513 shares in the last quarter. 32.00% of the stock is owned by institutional investors.

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.