Invesco Municipal Trust (NYSE:VKQ – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 6,000 shares, a drop of 53.8% from the September 30th total of 13,000 shares. Based on an average daily trading volume, of 195,700 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Trading of Invesco Municipal Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in shares of Invesco Municipal Trust in the first quarter valued at about $49,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Invesco Municipal Trust in the 2nd quarter worth approximately $68,000. Private Advisor Group LLC purchased a new stake in shares of Invesco Municipal Trust in the 3rd quarter worth approximately $108,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco Municipal Trust during the first quarter valued at approximately $122,000. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in Invesco Municipal Trust during the first quarter valued at approximately $136,000. Institutional investors own 32.00% of the company’s stock.
Invesco Municipal Trust Stock Performance
VKQ traded up $0.04 during trading on Friday, hitting $9.97. 127,241 shares of the company traded hands, compared to its average volume of 159,877. Invesco Municipal Trust has a 1 year low of $7.95 and a 1 year high of $10.47. The stock’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $9.92.
Invesco Municipal Trust Announces Dividend
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.
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