INV VK MUN TR (NYSE:VKQ) Short Interest Update

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 - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 99,500 shares, anincreaseof83.6% from the July 15th total of 54,200 shares. Approximately0.2% of the company's shares are short sold. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 0.5 days. Approximately0.2% of the company's shares are short sold.

Insider Activity

In other news, Portfolio Manager Timothy M. O'reilly acquired 5,400 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were purchased 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 owned 5,400 shares of the company's stock, valued at $49,626. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VKQ. Bank of Montreal Can raised its position in INV VK MUN TR by 3.7% during the 4th quarter. Bank of Montreal Can now owns 40,107 shares of the investment management company's stock valued at $393,000 after purchasing an additional 1,436 shares during the last quarter. Invesco Ltd. raised its position in INV VK MUN TR by 150.3% during the 4th quarter. Invesco Ltd. now owns 102,992 shares of the investment management company's stock valued at $1,010,000 after purchasing an additional 61,839 shares during the last quarter. Raymond James Financial Inc. bought a new position in INV VK MUN TR during the 4th quarter valued at approximately $1,045,000. XTX Topco Ltd bought a new position in INV VK MUN TR during the 4th quarter valued at approximately $176,000. Finally, NewEdge Advisors LLC raised its position in INV VK MUN TR by 3.1% during the 4th quarter. NewEdge Advisors LLC now owns 48,928 shares of the investment management company's stock valued at $480,000 after purchasing an additional 1,470 shares during the last quarter. Institutional investors own 32.00% of the company's stock.

INV VK MUN TR Stock Performance

Shares of INV VK MUN TR stock traded up $0.04 during trading on Friday, reaching $9.06. 539,880 shares of the stock were exchanged, compared to its average volume of 153,839. INV VK MUN TR has a 1 year low of $8.86 and a 1 year high of $10.47. The stock's fifty day moving average is $9.12 and its 200 day moving average is $9.38.

INV VK MUN TR Announces Dividend

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

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.