Inv Vk Mun Tr (NYSE:VKQ) Sees Significant Drop in Short Interest

Inv Vk Mun Tr (NYSE:VKQ) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 79,400 shares, a drop of 20.2% from the July 31st total of 99,500 shares. Based on an average daily volume of 198,600 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 198,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Inv Vk Mun Tr

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in Inv Vk Mun Tr during the first quarter worth about $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Inv Vk Mun Tr during the second quarter valued at about $38,000. Elequin Capital LP acquired a new stake in shares of Inv Vk Mun Tr during the first quarter valued at about $65,000. Wolverine Asset Management LLC acquired a new stake in shares of Inv Vk Mun Tr during the second quarter valued at about $80,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Inv Vk Mun Tr during the first quarter valued at about $101,000. 32.00% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Mun Tr Stock Performance

Inv Vk Mun Tr stock opened at $9.50 on Thursday. Inv Vk Mun Tr has a 12-month low of $8.86 and a 12-month high of $10.47. The company has a 50-day moving average price of $9.14 and a 200 day moving average price of $9.31.

Inv Vk Mun Tr Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, September 16th.

Inv Vk Mun Tr 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.