Invesco Municipal Trust (NYSE:VKQ) Short Interest Up 49.9% in February

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large growth in short interest in the month of 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 trading volume, of 152,400 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Invesco Municipal Trust

Several large investors have recently made changes to their positions in VKQ. Robinson Capital Management LLC increased its position 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 valued at $11,192,000 after buying an additional 304,331 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of 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 acquiring an additional 196,259 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Invesco Municipal Trust by 19.4% in the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company’s stock worth $8,091,000 after purchasing an additional 133,792 shares during the last quarter. LPL Financial LLC boosted its stake in Invesco Municipal Trust by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company’s stock worth $4,306,000 after purchasing an additional 328,085 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Invesco Municipal Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock valued at $4,061,000 after purchasing an additional 10,868 shares during the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Trust Stock Down 0.3 %

Shares of Invesco Municipal Trust stock traded down $0.04 during trading on Monday, hitting $10.04. The company’s stock had a trading volume of 182,006 shares, compared to its average volume of 153,157. Invesco Municipal Trust has a 52 week low of $9.15 and a 52 week high of $10.47. The company has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $10.01.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date of this dividend was Tuesday, February 18th.

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.