Short Interest in INV VK MUN TR (NYSE:VKQ) Increases By 83.6%

Key Points

• The short interest in INV VK MUN TR (NYSE:VKQ) increased by 83.6% in July, reaching a total of 99,500 shares compared to 54,200 shares previously.
• Shares of VKQ are currently trading at $9.13, reflecting a 0.8% decrease, with a one-year range between $8.86 and $10.47.
• The company announced a monthly dividend of $0.0628 per share, which will yield 8.3% annually and will be paid on August 29th.

INV VK MUN TR (NYSE:VKQ - ) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 99,500 shares, agrowthof83.6% from the July 15th total of 54,200 shares. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 0.5 days. Approximately0.2% of the shares of the company are short sold. Approximately0.2% of the shares of the company are short sold. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 0.5 days.

INV VK MUN TR Stock Down 0.8%

Shares of VKQ stock traded down $0.08 during midday trading on Monday, reaching $9.13. 155,771 shares of the stock were exchanged, compared to its average volume of 149,015. The company's 50 day moving average is $9.13 and its two-hundred day moving average is $9.40. INV VK MUN TR has a 1 year low of $8.86 and a 1 year high of $10.47.

INV VK MUN TR Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Monday, August 18th.

Insider Activity at INV VK MUN TR

In other news, Portfolio Manager Timothy M. O'reilly purchased 5,400 shares of the stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average price of $9.19 per share, for a total transaction of $49,626.00. Following the completion of the transaction, the portfolio manager directly owned 5,400 shares of the company's stock, valued at approximately $49,626. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 5.37% of the stock is owned by insiders.

Hedge Funds Weigh In On INV VK MUN TR

Several hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in INV VK MUN TR by 3.1% during the second quarter. Guggenheim Capital LLC now owns 1,201,076 shares of the investment management company's stock valued at $10,990,000 after acquiring an additional 36,134 shares during the period. Pathstone Holdings LLC grew its position in INV VK MUN TR by 19.4% in the fourth quarter. Pathstone Holdings LLC now owns 823,912 shares of the investment management company's stock worth $8,091,000 after acquiring an additional 133,792 shares in the last quarter. LPL Financial LLC grew its position in INV VK MUN TR by 23.6% in the first quarter. LPL Financial LLC now owns 542,278 shares of the investment management company's stock worth $5,233,000 after acquiring an additional 103,374 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of INV VK MUN TR by 16.4% during the first quarter. Advisors Asset Management Inc. now owns 374,512 shares of the investment management company's stock valued at $3,614,000 after buying an additional 52,673 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its position in shares of INV VK MUN TR by 1.2% during the first quarter. Stratos Wealth Advisors LLC now owns 205,186 shares of the investment management company's stock valued at $1,980,000 after buying an additional 2,519 shares during the period. 32.00% of the stock is owned by institutional investors.

About INV VK MUN TR

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.