Inv Vk Mun Tr (NYSE:VKQ) Short Interest Down 20.2% in August

Key Points

• Inv Vk Mun Tr (NYSE:VKQ) saw a 20.2% decrease in short interest in August, dropping to 79,400 shares from 99,500 shares at the end of July.
• The company announced a monthly dividend of $0.0628 per share, payable on September 30th, representing an annualized dividend yield of 8.0%.
• Institutional investors and hedge funds have increased their stakes in Inv Vk Mun Tr, with 32.00% of the company’s stock now owned by such investors.

Inv Vk Mun Tr (NYSE:VKQ - Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totaling 79,400 shares, a drop of 20.2% from the July 31st total of 99,500 shares. Based on an average daily volume of 198,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 198,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Inv Vk Mun Tr

A number of large investors have recently added to or reduced their stakes in VKQ. US Bancorp DE acquired a new stake in Inv Vk Mun Tr in the 1st quarter valued at about $26,000. Trust Co. of Toledo NA OH acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at about $38,000. Elequin Capital LP acquired a new stake in Inv Vk Mun Tr in the 1st quarter valued at about $65,000. Wolverine Asset Management LLC acquired a new stake in Inv Vk Mun Tr in the 2nd quarter valued at about $80,000. Finally, AlphaCore Capital LLC acquired a new stake in Inv Vk Mun Tr in the 1st quarter valued at about $101,000. 32.00% of the stock is owned by institutional investors and hedge funds.

Inv Vk Mun Tr Stock Performance

Shares of VKQ traded down $0.03 during trading hours on Friday, reaching $9.55. The company had a trading volume of 227,372 shares, compared to its average volume of 292,036. The firm has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $9.30. Inv Vk Mun Tr has a 12-month low of $8.86 and a 12-month high of $10.47.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 16th.

Inv Vk Mun Tr 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.