Invesco Municipal Trust (NYSE:VKQ) Sees Large Growth in Short Interest

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

Invesco Municipal Trust Stock Performance

Shares of VKQ stock traded up $0.06 on Wednesday, reaching $10.09. The company had a trading volume of 52,639 shares, compared to its average volume of 158,808. The company has a 50-day moving average of $10.17 and a 200-day moving average of $9.99. Invesco Municipal Trust has a 12 month low of $8.76 and a 12 month high of $10.47.

Invesco Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued 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%.

Institutional Investors Weigh In On Invesco Municipal Trust

Several hedge funds have recently bought and sold shares of the company. Karpus Management Inc. raised its holdings in Invesco Municipal Trust by 30.3% in the first quarter. Karpus Management Inc. now owns 2,703,952 shares of the investment management company’s stock worth $26,228,000 after purchasing an additional 628,699 shares during the period. Pathstone Holdings LLC raised its holdings in 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 purchasing an additional 187,221 shares during the period. Robinson Capital Management LLC raised its holdings in Invesco Municipal Trust by 19.3% in the first quarter. Robinson Capital Management LLC now owns 614,403 shares of the investment management company’s stock worth $5,766,000 after purchasing an additional 99,443 shares during the period. Stratos Wealth Advisors LLC raised its holdings in Invesco Municipal Trust by 88.1% in the third quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock worth $2,131,000 after purchasing an additional 97,273 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Invesco Municipal Trust by 93.1% during the first quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company’s stock worth $1,714,000 after acquiring an additional 85,239 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Company Profile

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.