Inv Vk Mun Tr (NYSE:VKQ) Sees Large Growth in Short Interest

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large 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. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 200,871 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Inv Vk Mun Tr

A number of institutional investors have recently bought and sold shares of VKQ. Jones Financial Companies Lllp bought a new position in Inv Vk Mun Tr in the 1st quarter worth $769,000. Invesco Ltd. raised its holdings in 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. raised its holdings in 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 worth $1,862,000 after purchasing an additional 71,026 shares during the period. Bank of America Corp DE raised its holdings in Inv Vk Mun Tr by 10.4% in 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. raised its holdings in Inv Vk Mun Tr by 16.9% in 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 institutional investors.

Inv Vk Mun Tr Price Performance

Inv Vk Mun Tr stock traded down $0.06 during trading on Tuesday, reaching $9.71. The company had a trading volume of 74,027 shares, compared to its average volume of 195,441. Inv Vk Mun Tr has a 52 week low of $8.94 and a 52 week high of $9.99. The firm’s 50-day simple moving average is $9.75 and its 200 day simple moving average is $9.70.

Inv Vk Mun Tr Dividend Announcement

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

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.