Invesco Municipal Trust (NYSE:VKQ - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 42,100 shares, a growth of 37.6% from the April 30th total of 30,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 152,600 shares, the short-interest ratio is currently 0.3 days.
Invesco Municipal Trust Stock Down 0.3%
NYSE VKQ traded down $0.03 during mid-day trading on Thursday, hitting $9.17. The stock had a trading volume of 151,277 shares, compared to its average volume of 159,093. The firm's 50 day moving average is $9.30 and its 200 day moving average is $9.67. Invesco Municipal Trust has a twelve month low of $8.86 and a twelve month high of $10.47.
Invesco Municipal Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a yield of 8.22%. The ex-dividend date is Tuesday, June 17th.
Institutional Trading of Invesco Municipal Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC increased its stake in Invesco Municipal Trust by 9.2% during the first quarter. Guggenheim Capital LLC now owns 1,164,942 shares of the investment management company's stock worth $11,242,000 after acquiring an additional 97,855 shares during the last quarter. Robinson Capital Management LLC increased its position in shares of Invesco Municipal Trust by 36.4% during the fourth quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company's stock valued at $11,192,000 after acquiring an additional 304,331 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Invesco Municipal Trust by 19.4% in the 4th quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock valued at $8,091,000 after purchasing an additional 133,792 shares during the last quarter. LPL Financial LLC grew its stake in shares of Invesco Municipal Trust by 23.6% in the first quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock valued at $5,233,000 after buying an additional 103,374 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Invesco Municipal Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company's stock valued at $4,061,000 after buying an additional 10,868 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company's stock.
About Invesco Municipal Trust
(
Get Free Report)
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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