Short Interest in INV VK MUN TR (NYSE:VKQ) Rises By 64.6%

INV VK MUN TR (NYSE:VKQ - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 69,300 shares, an increase of 64.6% from the May 15th total of 42,100 shares. Based on an average daily volume of 155,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Insider Activity at INV VK MUN TR

In other INV VK MUN TR news, Portfolio Manager Timothy M. O'reilly bought 5,400 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of $9.19 per share, for a total transaction of $49,626.00. Following the completion of the purchase, the portfolio manager now directly owns 5,400 shares of the company's stock, valued at approximately $49,626. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of INV VK MUN TR by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company's stock valued at $4,306,000 after purchasing an additional 328,085 shares in the last quarter. Robinson Capital Management LLC boosted its position in INV VK MUN TR by 36.4% in 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 buying an additional 304,331 shares in the last quarter. Guggenheim Capital LLC boosted its position in INV VK MUN TR by 22.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company's stock valued at $10,468,000 after buying an additional 196,259 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of INV VK MUN TR by 87.9% during the fourth quarter. Advisors Asset Management Inc. now owns 321,839 shares of the investment management company's stock worth $3,157,000 after buying an additional 150,513 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of INV VK MUN TR by 19.4% during the fourth quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock worth $8,091,000 after buying an additional 133,792 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company's stock.

INV VK MUN TR Price Performance

Shares of INV VK MUN TR stock traded down $0.05 during trading on Wednesday, reaching $9.07. 181,693 shares of the company's stock were exchanged, compared to its average volume of 163,547. INV VK MUN TR has a 1-year low of $8.86 and a 1-year high of $10.47. The firm's 50-day moving average price is $9.25 and its 200 day moving average price is $9.62.

INV VK MUN TR Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Tuesday, June 17th.

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.