INV VK MUN TR (NYSE:VKQ) Sees Significant Decline in Short Interest

Key Points

• Short interest in INV VK MUN TR significantly declined by 65.8% in September, dropping to 30,000 shares from 87,600 shares in August.
• Several institutional investors have increased their stakes in INV VK MUN TR, with Osaic Holdings Inc. raising its holdings by 16.9% in the second quarter.
• The company announced a monthly dividend of $0.0628 per share, set to be paid on October 31st, representing an annualized yield of 7.9%.

INV VK MUN TR (NYSE:VKQ - ) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 30,000 shares, a decline of 65.8% from the August 31st total of 87,600 shares. Based on an average daily trading volume, of 221,500 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 221,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC lifted its position in INV VK MUN TR by 5.3% during the 2nd quarter. Riverbridge Partners LLC now owns 30,542 shares of the investment management company's stock worth $279,000 after buying an additional 1,539 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in INV VK MUN TR by 9.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,907 shares of the investment management company's stock worth $182,000 after buying an additional 1,613 shares in the last quarter. Seamount Financial Group Inc. raised its holdings in INV VK MUN TR by 2.5% during the 1st quarter. Seamount Financial Group Inc. now owns 83,888 shares of the investment management company's stock worth $810,000 after purchasing an additional 2,030 shares during the last quarter. Osaic Holdings Inc. raised its holdings in INV VK MUN TR by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company's stock worth $130,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in INV VK MUN TR by 1.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company's stock worth $1,980,000 after purchasing an additional 2,519 shares during the last quarter. Institutional investors and hedge funds own 32.00% of the company's stock.

INV VK MUN TR Stock Down 1.1%

Shares of NYSE:VKQ traded down $0.11 on Friday, hitting $9.58. The stock had a trading volume of 434,488 shares, compared to its average volume of 215,770. INV VK MUN TR has a twelve month low of $8.86 and a twelve month high of $10.33. The firm's 50 day moving average price is $9.30 and its 200-day moving average price is $9.27.

INV VK MUN TR Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be given a dividend of $0.0628 per share. The ex-dividend date is Thursday, October 16th. This represents a c) annualized dividend and a yield of 7.9%.

About INV VK MUN TR

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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