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

Invesco Municipal Trust (NYSE:VKQ) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 58,100 shares, a decline of 21.7% from the November 30th total of 74,200 shares. Based on an average daily volume of 203,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Invesco Municipal Trust

A number of institutional investors have recently modified their holdings of VKQ. HighTower Advisors LLC bought a new stake in shares of Invesco Municipal Trust during the 3rd quarter worth approximately $429,000. Commonwealth Equity Services LLC grew its position in Invesco Municipal Trust by 36.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 156,701 shares of the investment management company’s stock worth $1,561,000 after acquiring an additional 42,096 shares during the last quarter. Rothschild Investment LLC bought a new stake in Invesco Municipal Trust during the 2nd quarter worth $911,000. Wealthspire Advisors LLC acquired a new position in Invesco Municipal Trust in the 2nd quarter worth about $441,000. Finally, Quarry LP bought a new position in Invesco Municipal Trust in the second quarter valued at about $324,000. 32.00% of the stock is currently owned by institutional investors.

Invesco Municipal Trust Stock Up 0.9 %

Shares of NYSE VKQ traded up $0.09 during midday trading on Monday, reaching $9.63. The company’s stock had a trading volume of 379,569 shares, compared to its average volume of 162,384. The business’s 50 day moving average price is $9.97 and its two-hundred day moving average price is $10.05. Invesco Municipal Trust has a fifty-two week low of $9.15 and a fifty-two week high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

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.