Invesco Municipal Trust (NYSE:VKQ) Short Interest Down 30.4% in March

Invesco Municipal Trust (NYSE:VKQ) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 79,000 shares, a decline of 30.4% from the March 15th total of 113,500 shares. Based on an average daily trading volume, of 132,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Invesco Municipal Trust

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Invesco Municipal Trust by 467.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 42,526 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 35,032 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco Municipal Trust during the 4th quarter valued at $310,000. LPL Financial LLC grew its position in shares of Invesco Municipal Trust by 296.1% in the 4th quarter. LPL Financial LLC now owns 438,904 shares of the investment management company’s stock worth $4,306,000 after buying an additional 328,085 shares during the period. HighTower Advisors LLC purchased a new position in Invesco Municipal Trust during the 3rd quarter valued at about $429,000. Finally, Van ECK Associates Corp boosted its stake in Invesco Municipal Trust by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 413,979 shares of the investment management company’s stock worth $4,061,000 after acquiring an additional 10,868 shares in the last quarter. 32.00% of the stock is owned by institutional investors.

Invesco Municipal Trust Stock Performance

VKQ stock traded down $0.01 on Friday, reaching $9.16. The company’s stock had a trading volume of 214,171 shares, compared to its average volume of 159,117. The business has a fifty day simple moving average of $9.68 and a two-hundred day simple moving average of $9.86. Invesco Municipal Trust has a 12-month low of $8.86 and a 12-month high of $10.47.

Invesco Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.0628 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.75 annualized dividend and a yield of 8.23%.

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.