Inv Vk Mun Tr (NYSE:VKQ) Short Interest Up 126.6% in March

Inv Vk Mun Tr (NYSE:VKQ) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 201,540 shares, a growth of 126.6% from the March 15th total of 88,934 shares. Based on an average trading volume of 200,871 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new stake in Inv Vk Mun Tr during the first quarter valued at about $769,000. Invesco Ltd. raised its holdings in shares of Inv Vk Mun Tr by 11.5% in the 2nd quarter. Invesco Ltd. now owns 163,951 shares of the investment management company’s stock worth $1,500,000 after purchasing an additional 16,904 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Inv Vk Mun Tr by 53.6% in the 2nd quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock valued at $1,862,000 after purchasing an additional 71,026 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Inv Vk Mun Tr by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 158,856 shares of the investment management company’s stock worth $1,454,000 after purchasing an additional 14,905 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Inv Vk Mun Tr by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after purchasing an additional 2,051 shares during the period. 32.00% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Mun Tr Stock Up 0.1%

Shares of VKQ stock opened at $9.71 on Tuesday. Inv Vk Mun Tr has a one year low of $8.94 and a one year high of $9.99. The company has a 50 day moving average price of $9.75 and a 200 day moving average price of $9.70.

Inv Vk Mun Tr Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.