Inv Vk Mun Tr (NYSE:VKQ) Short Interest Up 24.3% in February

Inv Vk Mun Tr (NYSE:VKQ) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 87,056 shares, an increase of 24.3% from the January 29th total of 70,010 shares. Based on an average daily volume of 207,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 207,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Inv Vk Mun Tr during the 3rd quarter valued at about $36,000. Global Retirement Partners LLC bought a new stake in shares of Inv Vk Mun Tr during the fourth quarter worth approximately $41,000. Wolverine Asset Management LLC bought a new stake in shares of Inv Vk Mun Tr during the second quarter worth approximately $80,000. Perennial Investment Advisors LLC acquired a new position in Inv Vk Mun Tr in the third quarter valued at approximately $107,000. Finally, Choreo LLC bought a new position in Inv Vk Mun Tr in the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

Inv Vk Mun Tr Stock Performance

Shares of NYSE:VKQ traded down $0.07 during midday trading on Tuesday, reaching $9.91. The company’s stock had a trading volume of 44,706 shares, compared to its average volume of 190,619. The business’s fifty day simple moving average is $9.77 and its 200-day simple moving average is $9.62. Inv Vk Mun Tr has a fifty-two week low of $8.86 and a fifty-two week high of $10.18.

Inv Vk Mun Tr Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.0628 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Inv Vk Mun Tr Company Profile

Invesco Municipal Income Trust (NYSE: VKQ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in municipal securities, including general obligation and revenue bonds issued by U.S. states, municipalities, counties and territories. As a tax-advantaged vehicle, the trust offers investors access to the municipal bond market through a diversified portfolio managed by seasoned fixed income professionals.

The trust generally allocates at least 80% of its assets to investment-grade municipal securities, although it may invest in lower-rated obligations when deemed appropriate by its management team.