Invesco Municipal Trust (NYSE:VKQ) Sees Significant Decline in Short Interest

Invesco Municipal Trust (NYSE:VKQ) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 58,100 shares, a drop of 21.7% from the November 30th total of 74,200 shares. Based on an average daily trading volume, of 203,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new stake in Invesco Municipal Trust in the third quarter valued at approximately $429,000. Community Bank N.A. raised its holdings in Invesco Municipal Trust by 100.0% during the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the investment management company’s stock valued at $41,000 after buying an additional 2,000 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Invesco Municipal Trust by 2.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 87,568 shares of the investment management company’s stock valued at $898,000 after buying an additional 1,965 shares during the last quarter. Avior Wealth Management LLC boosted its position in Invesco Municipal Trust by 19.2% during the 3rd quarter. Avior Wealth Management LLC now owns 19,647 shares of the investment management company’s stock valued at $202,000 after buying an additional 3,158 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in Invesco Municipal Trust by 37.2% in the 3rd quarter. Pathstone Holdings LLC now owns 690,120 shares of the investment management company’s stock worth $7,081,000 after acquiring an additional 187,221 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.

Invesco Municipal Trust Stock Performance

NYSE:VKQ opened at $9.54 on Friday. Invesco Municipal Trust has a 12 month low of $9.15 and a 12 month high of $10.47. The firm has a fifty day simple moving average of $9.98 and a two-hundred day simple moving average of $10.05.

Invesco Municipal Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.0628 per share. The ex-dividend date is Tuesday, December 17th.

Invesco Municipal Trust 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.