Short Interest in Invesco Municipal Trust (NYSE:VKQ) Grows By 58.1%

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 182,500 shares, a growth of 58.1% from the February 13th total of 115,400 shares. Based on an average daily volume of 150,600 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. First Trust Advisors LP increased its holdings in shares of Invesco Municipal Trust by 11.3% during the 4th quarter. First Trust Advisors LP now owns 11,995 shares of the investment management company’s stock worth $118,000 after acquiring an additional 1,216 shares during the last quarter. Seamount Financial Group Inc. increased its holdings in shares of Invesco Municipal Trust by 1.6% during the 4th quarter. Seamount Financial Group Inc. now owns 81,858 shares of the investment management company’s stock worth $803,000 after acquiring an additional 1,287 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Invesco Municipal Trust by 3.7% during the 4th quarter. Bank of Montreal Can now owns 40,107 shares of the investment management company’s stock worth $393,000 after acquiring an additional 1,436 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Invesco Municipal Trust by 3.1% during the 4th quarter. NewEdge Advisors LLC now owns 48,928 shares of the investment management company’s stock worth $480,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Invesco Municipal Trust by 2.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock worth $898,000 after acquiring an additional 1,965 shares during the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

Invesco Municipal Trust Stock Up 0.1 %

Shares of NYSE:VKQ traded up $0.01 during trading on Friday, hitting $9.82. 154,428 shares of the company were exchanged, compared to its average volume of 154,595. Invesco Municipal Trust has a fifty-two week low of $9.15 and a fifty-two week high of $10.47. The firm has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $10.00.

Invesco Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0628 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Monday, March 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.