Invesco Municipal Trust (NYSE:VKQ) Sees Significant Decline in Short Interest

Invesco Municipal Trust (NYSE:VKQ) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 58,100 shares, a drop of 21.7% from the November 30th total of 74,200 shares. Based on an average trading volume of 203,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Invesco Municipal Trust

A number of institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Invesco Municipal Trust during the 2nd quarter valued at $911,000. Commonwealth Equity Services LLC lifted its stake in shares of Invesco Municipal Trust by 36.7% during the second quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock valued at $1,561,000 after buying an additional 42,096 shares during the period. Blue Bell Private Wealth Management LLC purchased a new stake in Invesco Municipal Trust in the 2nd quarter worth approximately $68,000. NINE MASTS CAPITAL Ltd grew its stake in Invesco Municipal Trust by 155.1% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 66,342 shares of the investment management company’s stock worth $661,000 after acquiring an additional 40,340 shares during the period. Finally, Wealthspire Advisors LLC acquired a new position in Invesco Municipal Trust in the 2nd quarter valued at $441,000. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Municipal Trust Stock Performance

Shares of VKQ opened at $9.63 on Tuesday. The firm’s 50-day moving average is $9.97 and its two-hundred day moving average is $10.05. Invesco Municipal Trust has a twelve month low of $9.15 and a twelve month high of $10.47.

Invesco Municipal Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, December 17th.

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.