Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 44,800 shares, a growth of 49.3% from the August 15th total of 30,000 shares. Based on an average trading volume of 135,700 shares, the short-interest ratio is currently 0.3 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 the company. Fiera Capital Corp purchased a new position in Invesco Municipal Trust in the 4th quarter valued at about $10,036,000. Robinson Capital Management LLC grew its stake in Invesco Municipal Trust by 76.2% during the 4th quarter. Robinson Capital Management LLC now owns 514,960 shares of the investment management company’s stock valued at $4,902,000 after purchasing an additional 222,671 shares in the last quarter. Weiss Asset Management LP purchased a new stake in Invesco Municipal Trust during the 4th quarter worth approximately $175,000. Catalytic Wealth RIA LLC purchased a new stake in Invesco Municipal Trust during the 4th quarter worth approximately $279,000. Finally, Wellspring Financial Advisors LLC acquired a new position in shares of Invesco Municipal Trust in the 4th quarter valued at approximately $344,000. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Down 0.4 %

NYSE:VKQ traded down $0.04 during trading hours on Monday, hitting $10.35. The stock had a trading volume of 157,783 shares, compared to its average volume of 145,205. The business has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $9.80. Invesco Municipal Trust has a 1-year low of $7.94 and a 1-year high of $10.47.

Invesco Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a $0.0628 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.75 annualized dividend and a dividend yield of 7.28%.

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.