Invesco Municipal Trust (NYSE:VKQ) Short Interest Up 49.3% in August

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 44,800 shares, a growth of 49.3% from the August 15th total of 30,000 shares. Based on an average trading volume of 135,700 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Municipal Trust Trading Down 0.3 %

Shares of VKQ stock traded down $0.03 on Monday, reaching $10.36. 157,811 shares of the stock were exchanged, compared to its average volume of 145,205. Invesco Municipal Trust has a one year low of $7.94 and a one year high of $10.47. The stock has a 50 day moving average price of $10.08 and a 200 day moving average price of $9.80.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.75 dividend on an annualized basis and a yield of 7.27%.

Institutional Investors Weigh In On Invesco Municipal Trust

Institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its position in shares of Invesco Municipal Trust by 7.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 294,349 shares of the investment management company’s stock worth $2,855,000 after purchasing an additional 19,600 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Invesco Municipal Trust during the fourth quarter worth about $101,000. Weiss Asset Management LP bought a new position in shares of Invesco Municipal Trust during the 4th quarter valued at about $175,000. Advisors Asset Management Inc. grew its position in shares of Invesco Municipal Trust by 93.1% in the 1st quarter. Advisors Asset Management Inc. now owns 176,750 shares of the investment management company’s stock valued at $1,714,000 after purchasing an additional 85,239 shares during the period. Finally, Van ECK Associates Corp increased its stake in Invesco Municipal Trust by 5.5% during the 1st quarter. Van ECK Associates Corp now owns 441,667 shares of the investment management company’s stock worth $4,284,000 after purchasing an additional 22,902 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.