Invesco Municipal Trust (NYSE:VKQ) Short Interest Down 23.0% in January

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 77,000 shares, a decrease of 23.0% from the January 15th total of 100,000 shares. Based on an average trading volume of 154,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Invesco Municipal Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Invesco Municipal Trust by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company’s stock valued at $4,306,000 after purchasing an additional 328,085 shares during the last quarter. Robinson Capital Management LLC lifted its holdings in Invesco Municipal Trust by 36.4% in the fourth quarter. Robinson Capital Management LLC now owns 1,140,860 shares of the investment management company’s stock valued at $11,192,000 after buying an additional 304,331 shares during the period. Guggenheim Capital LLC boosted its stake in Invesco Municipal Trust by 22.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,067,087 shares of the investment management company’s stock valued at $10,468,000 after acquiring an additional 196,259 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Invesco Municipal Trust by 37.2% in the third quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock valued at $7,081,000 after acquiring an additional 187,221 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Invesco Municipal Trust by 87.9% during the 4th quarter. Advisors Asset Management Inc. now owns 321,839 shares of the investment management company’s stock worth $3,157,000 after acquiring an additional 150,513 shares during the period. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Performance

VKQ opened at $9.89 on Friday. Invesco Municipal Trust has a 1-year low of $9.15 and a 1-year high of $10.47. The firm has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.02.

Invesco Municipal Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Tuesday, February 18th.

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.