Invesco Municipal Trust (NYSE:VKQ) Sees Significant Growth in Short Interest

Invesco Municipal Trust (NYSE:VKQ - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 4,680,000 shares, a growth of 19,002.0% from the March 15th total of 24,500 shares. Based on an average trading volume of 5,302,800 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VKQ. Captrust Financial Advisors bought a new stake in Invesco Municipal Trust during the second quarter worth approximately $44,000. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Municipal Trust during the 3rd quarter worth $86,000. Herold Advisors Inc. bought a new stake in shares of Invesco Municipal Trust during the 4th quarter worth $98,000. Nomura Holdings Inc. acquired a new position in shares of Invesco Municipal Trust in the 1st quarter worth $99,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Invesco Municipal Trust during the second quarter worth $106,000. Institutional investors own 32.00% of the company's stock.

Invesco Municipal Trust Stock Performance

VKQ traded down $0.12 during trading on Wednesday, reaching $9.25. The stock had a trading volume of 141,576 shares, compared to its average volume of 152,513. The stock has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.17. Invesco Municipal Trust has a 1-year low of $7.94 and a 1-year high of $9.99.

Invesco Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.0391 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, April 15th.

Invesco Municipal Trust 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.