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

Invesco Municipal Trust (NYSE:VKQ) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 58,100 shares, a decrease 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 currently 0.3 days.

Institutional Investors Weigh In On Invesco Municipal Trust

Several hedge funds have recently made changes to their positions in the company. Community Bank N.A. raised its stake in 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 valued at $41,000 after buying an additional 2,000 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new position in shares of Invesco Municipal Trust during the second quarter valued at $68,000. Private Advisor Group LLC purchased a new position in shares of Invesco Municipal Trust in the 3rd quarter worth about $108,000. Ackerman Capital Advisors LLC bought a new position in Invesco Municipal Trust in the 3rd quarter worth about $137,000. Finally, Sanctuary Advisors LLC purchased a new stake in Invesco Municipal Trust during the 2nd quarter valued at about $142,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Stock Down 0.3 %

Shares of VKQ opened at $9.54 on Friday. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47. The firm’s 50-day moving average price is $9.98 and its 200-day moving average price is $10.05.

Invesco Municipal Trust Announces Dividend

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

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.