Invesco Municipal Trust (NYSE:VKQ) Short Interest Up 58.1% in February

Invesco Municipal Trust (NYSE:VKQ) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 182,500 shares, an increase of 58.1% from the February 13th total of 115,400 shares. Based on an average daily trading volume, of 150,600 shares, the days-to-cover ratio is presently 1.2 days.

Invesco Municipal Trust Price Performance

Shares of VKQ traded up $0.01 during mid-day trading on Friday, hitting $9.82. The company had a trading volume of 154,428 shares, compared to its average volume of 154,595. The business’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $10.00. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47.

Invesco Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 7.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VKQ. Pathstone Holdings LLC lifted its position in shares of Invesco Municipal Trust by 37.2% during the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after purchasing an additional 187,221 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Invesco Municipal Trust by 19.2% during the third quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock worth $202,000 after purchasing an additional 3,158 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Invesco Municipal Trust by 2.3% during the third quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock worth $898,000 after purchasing an additional 1,965 shares in the last quarter. Community Bank N.A. lifted its position in shares of 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 purchasing an additional 2,000 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Invesco Municipal Trust during the third quarter worth $429,000. 32.00% of the stock is owned by institutional investors and hedge funds.

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.