Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 136,100 shares, an increase of 2,168.3% from the October 15th total of 6,000 shares. Based on an average trading volume of 195,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco Municipal Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VKQ. Karpus Management Inc. increased its stake in Invesco Municipal Trust by 30.3% in the 1st quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company’s stock valued at $26,228,000 after buying an additional 628,699 shares during the last quarter. Pathstone Holdings LLC increased its stake in Invesco Municipal Trust by 37.2% in the 3rd quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock valued at $7,081,000 after buying an additional 187,221 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Invesco Municipal Trust by 1,624.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock valued at $1,480,000 after acquiring an additional 135,842 shares during the period. Robinson Capital Management LLC grew its position in shares of Invesco Municipal Trust by 19.3% in the 1st quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company’s stock valued at $5,766,000 after acquiring an additional 99,443 shares during the period. Finally, Stratos Wealth Advisors LLC grew its position in shares of Invesco Municipal Trust by 88.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 97,273 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Up 0.6 %

VKQ stock traded up $0.06 during midday trading on Wednesday, hitting $10.09. The company’s stock had a trading volume of 52,639 shares, compared to its average volume of 158,808. Invesco Municipal Trust has a twelve month low of $8.76 and a twelve month high of $10.47. The company’s fifty day moving average price is $10.17 and its 200 day moving average price is $9.99.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.75 annualized dividend and a yield of 7.47%.

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.