Invesco Municipal Trust (NYSE:VKQ) Short Interest Update

Invesco Municipal Trust (NYSE:VKQ - Get Free Report) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 155,300 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In related news, Portfolio Manager Timothy M. O'reilly acquired 5,400 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $9.19 per share, with a total value of $49,626.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VKQ. US Bancorp DE purchased a new stake in Invesco Municipal Trust during the first quarter valued at $26,000. Elequin Capital LP bought a new stake in shares of Invesco Municipal Trust in the 1st quarter worth about $65,000. AlphaCore Capital LLC purchased a new stake in shares of Invesco Municipal Trust during the 1st quarter valued at about $101,000. NCM Capital Management LLC bought a new position in shares of Invesco Municipal Trust in the 1st quarter valued at about $111,000. Finally, Atlanta Consulting Group Advisors LLC bought a new position in shares of Invesco Municipal Trust in the 4th quarter valued at about $118,000. 32.00% of the stock is owned by hedge funds and other institutional investors.

Invesco Municipal Trust Price Performance

Shares of NYSE:VKQ traded down $0.08 during mid-day trading on Friday, reaching $9.14. The stock had a trading volume of 162,809 shares, compared to its average volume of 162,117. The business's 50 day moving average price is $9.25 and its 200 day moving average price is $9.63. Invesco Municipal Trust has a 1 year low of $8.86 and a 1 year high of $10.47.

Invesco Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.25%.

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.

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