Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Increases By 72.4%

Inv Vk Mun Tr (NYSE:VKQ) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 258,680 shares, a growth of 72.4% from the April 30th total of 150,061 shares. Based on an average trading volume of 259,595 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company’s stock are sold short.

Inv Vk Mun Tr Price Performance

Shares of NYSE:VKQ opened at $9.76 on Wednesday. Inv Vk Mun Tr has a 52-week low of $8.94 and a 52-week high of $9.99. The stock has a 50 day moving average price of $9.64 and a 200-day moving average price of $9.69.

Inv Vk Mun Tr Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0628 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Inv Vk Mun Tr by 12.4% during the 1st quarter. Bank of America Corp DE now owns 228,050 shares of the investment management company’s stock valued at $2,171,000 after buying an additional 25,246 shares in the last quarter. Royal Bank of Canada increased its position in Inv Vk Mun Tr by 10.2% during the 1st quarter. Royal Bank of Canada now owns 85,870 shares of the investment management company’s stock valued at $817,000 after buying an additional 7,972 shares in the last quarter. Cetera Investment Advisers increased its position in Inv Vk Mun Tr by 26.6% during the 1st quarter. Cetera Investment Advisers now owns 101,050 shares of the investment management company’s stock valued at $962,000 after buying an additional 21,227 shares in the last quarter. World Investment Advisors increased its position in Inv Vk Mun Tr by 11.0% during the 1st quarter. World Investment Advisors now owns 27,269 shares of the investment management company’s stock valued at $260,000 after buying an additional 2,710 shares in the last quarter. Finally, Madison Park Capital Advisors LLC increased its position in Inv Vk Mun Tr by 6.2% during the 1st quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company’s stock valued at $431,000 after buying an additional 2,628 shares in the last quarter. Institutional investors own 32.00% of the company’s stock.

About Inv Vk Mun Tr

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.