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

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 19,100 shares, a decrease of 67.1% from the December 31st total of 58,100 shares. Based on an average daily volume of 185,800 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Municipal Trust Stock Down 0.2 %

VKQ stock traded down $0.02 during midday trading on Tuesday, hitting $9.79. The stock had a trading volume of 87,240 shares, compared to its average volume of 113,932. The stock has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $10.02. Invesco Municipal Trust has a 52 week low of $9.15 and a 52 week high of $10.47.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.70%.

Institutional Trading of Invesco Municipal Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC raised its position in shares of Invesco Municipal Trust by 37.2% during the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after acquiring an additional 187,221 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Invesco Municipal Trust by 1,624.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 144,206 shares of the investment management company’s stock valued at $1,480,000 after buying an additional 135,842 shares during the period. Stratos Wealth Advisors LLC increased its holdings in shares of Invesco Municipal Trust by 88.1% during the third quarter. Stratos Wealth Advisors LLC now owns 207,716 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 97,273 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Invesco Municipal Trust in the fourth quarter valued at $874,000. Finally, Dakota Wealth Management increased its position in shares of Invesco Municipal Trust by 54.7% during the fourth quarter. Dakota Wealth Management now owns 183,546 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 64,885 shares in the last quarter. 32.00% of the stock is owned by institutional investors.

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.