Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Drops By 20.2%

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 recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 79,400 shares, a decline of 20.2% from the July 31st total of 99,500 shares. Based on an average trading volume of 198,600 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 198,600 shares, the short-interest ratio is currently 0.4 days.

Inv Vk Mun Tr Stock Down 0.3%

Inv Vk Mun Tr stock traded down $0.03 on Friday, reaching $9.55. 227,372 shares of the stock were exchanged, compared to its average volume of 292,036. Inv Vk Mun Tr has a twelve month low of $8.86 and a twelve month high of $10.47. The firm has a fifty day moving average price of $9.15 and a two-hundred day moving average price of $9.30.

Inv Vk Mun Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of Inv Vk Mun Tr by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company's stock worth $118,000 after purchasing an additional 1,216 shares during the period. Stifel Financial Corp increased its holdings in shares of Inv Vk Mun Tr by 218.4% during the 4th quarter. Stifel Financial Corp now owns 37,905 shares of the investment management company's stock worth $372,000 after purchasing an additional 26,000 shares during the period. Bank of America Corp DE increased its holdings in shares of Inv Vk Mun Tr by 9.4% during the 4th quarter. Bank of America Corp DE now owns 147,180 shares of the investment management company's stock worth $1,444,000 after purchasing an additional 12,624 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Inv Vk Mun Tr by 3.4% during the 4th quarter. Baird Financial Group Inc. now owns 166,723 shares of the investment management company's stock worth $1,636,000 after purchasing an additional 5,408 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Inv Vk Mun Tr during the 4th quarter worth about $166,000. Institutional investors and hedge funds own 32.00% of the company's stock.

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.