Invesco Municipal Trust (NYSE:VKQ) Short Interest Up 37.6% in May

Invesco Municipal Trust (NYSE:VKQ - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 42,100 shares, an increase of 37.6% from the April 30th total of 30,600 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 152,600 shares, the short-interest ratio is currently 0.3 days.

Invesco Municipal Trust Stock Performance

NYSE:VKQ traded down $0.09 on Tuesday, reaching $9.19. The stock had a trading volume of 194,748 shares, compared to its average volume of 158,141. Invesco Municipal Trust has a 12-month low of $8.86 and a 12-month high of $10.47. The company has a 50-day moving average of $9.31 and a 200 day moving average of $9.68.

Invesco Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.75 annualized dividend and a dividend yield of 8.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VKQ. Jones Financial Companies Lllp acquired a new position in Invesco Municipal Trust in the 1st quarter worth approximately $769,000. Concorde Asset Management LLC raised its holdings in Invesco Municipal Trust by 64.1% in the 1st quarter. Concorde Asset Management LLC now owns 25,924 shares of the investment management company's stock worth $244,000 after acquiring an additional 10,130 shares during the period. Advisors Asset Management Inc. raised its holdings in Invesco Municipal Trust by 16.4% in the 1st quarter. Advisors Asset Management Inc. now owns 374,512 shares of the investment management company's stock worth $3,614,000 after acquiring an additional 52,673 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Invesco Municipal Trust by 2.3% during the 1st quarter. Baird Financial Group Inc. now owns 170,571 shares of the investment management company's stock worth $1,646,000 after purchasing an additional 3,848 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Invesco Municipal Trust by 9.2% during the 1st quarter. Guggenheim Capital LLC now owns 1,164,942 shares of the investment management company's stock valued at $11,242,000 after acquiring an additional 97,855 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company's stock.

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.