Inv Vk Mun Tr (NYSE:VKQ) Short Interest Up 97.6% in January

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 92,818 shares, an increase of 97.6% from the December 31st total of 46,982 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 192,794 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 192,794 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Insider Buying and Selling at Inv Vk Mun Tr

In other news, Portfolio Manager Timothy M. O’reilly bought 5,200 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was purchased at an average price of $9.62 per share, with a total value of $50,024.00. Following the transaction, the portfolio manager owned 10,747 shares of the company’s stock, valued at approximately $103,386.14. The trade was a 93.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.37% of the company’s stock.

Institutional Trading of Inv Vk Mun Tr

Several large investors have recently modified their holdings of VKQ. StoneX Group Inc. purchased a new position in Inv Vk Mun Tr during the second quarter valued at $496,000. Trust Co. of Toledo NA OH bought a new stake in Inv Vk Mun Tr during the second quarter worth approximately $38,000. Whipplewood Advisors LLC raised its holdings in Inv Vk Mun Tr by 27.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 82,639 shares of the investment management company’s stock valued at $756,000 after buying an additional 17,613 shares during the period. Prospera Financial Services Inc increased its position in Inv Vk Mun Tr by 73.3% during the second quarter. Prospera Financial Services Inc now owns 26,000 shares of the investment management company’s stock valued at $238,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Inv Vk Mun Tr during the 2nd quarter worth about $80,000. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Price Performance

Inv Vk Mun Tr stock opened at $9.79 on Friday. Inv Vk Mun Tr has a 12 month low of $8.86 and a 12 month high of $10.18. The business’s fifty day simple moving average is $9.66 and its two-hundred day simple moving average is $9.50.

Inv Vk Mun Tr Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were issued a $0.0628 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, January 15th.

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.