Invesco Municipal Trust (NYSE:VKQ) Short Interest Up 49.9% in February

Invesco Municipal Trust (NYSE:VKQ) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 115,400 shares, an increase of 49.9% from the January 31st total of 77,000 shares. Based on an average daily trading volume, of 152,400 shares, the days-to-cover ratio is currently 0.8 days.

Invesco Municipal Trust Stock Down 0.3 %

NYSE VKQ traded down $0.04 on Monday, reaching $10.04. 182,006 shares of the company’s stock traded hands, compared to its average volume of 153,157. Invesco Municipal Trust has a 12 month low of $9.15 and a 12 month high of $10.47. The stock has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $10.01.

Invesco Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.0628 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend was Tuesday, February 18th.

Hedge Funds Weigh In On Invesco Municipal Trust

A number of large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in shares of Invesco Municipal Trust during the third quarter valued at about $108,000. Pathstone Holdings LLC boosted its holdings in Invesco Municipal Trust by 37.2% during the 3rd 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 period. Avior Wealth Management LLC grew its position in Invesco Municipal Trust by 19.2% during the 3rd quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock worth $202,000 after acquiring an additional 3,158 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Invesco Municipal Trust by 2.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock worth $898,000 after purchasing an additional 1,965 shares during the period. Finally, Community Bank N.A. lifted its position in Invesco Municipal Trust by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors 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.