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

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 87,056 shares, a growth of 24.3% from the January 29th total of 70,010 shares. Based on an average trading volume of 207,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 207,700 shares, the days-to-cover ratio is presently 0.4 days.

Inv Vk Mun Tr Trading Down 0.4%

NYSE:VKQ opened at $9.85 on Thursday. Inv Vk Mun Tr has a 52-week low of $8.86 and a 52-week high of $10.06. The business’s fifty day moving average is $9.78 and its 200 day moving average is $9.63.

Inv Vk Mun Tr Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a $0.0628 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Tuesday, February 17th.

Institutional Trading of Inv Vk Mun Tr

A number of hedge funds have recently made changes to their positions in the stock. Rivernorth Capital Management LLC boosted its stake in shares of Inv Vk Mun Tr by 31.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock valued at $55,669,000 after purchasing an additional 1,390,317 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Inv Vk Mun Tr by 159.2% in the fourth quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company’s stock worth $2,174,000 after acquiring an additional 138,365 shares during the period. LPL Financial LLC boosted its stake in shares of Inv Vk Mun Tr by 15.7% during the 4th quarter. LPL Financial LLC now owns 960,745 shares of the investment management company’s stock valued at $9,271,000 after purchasing an additional 130,288 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Inv Vk Mun Tr in the 1st quarter valued at approximately $769,000. Finally, Raymond James Financial Inc. lifted its position in Inv Vk Mun Tr by 53.6% during the second quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock valued at $1,862,000 after buying an additional 71,026 shares during the period. 32.00% of the stock is owned by institutional investors.

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.