Invesco Municipal Trust (NYSE:VKQ) Experiences Notable Drop in Short Interest

Invesco Municipal Trust (NYSE:VKQ – Get Free Report) witnessed a significant drop in short interest during the month of December. As of December 15th, the total short interest was recorded at 58,100 shares, which reflects a decrease of 21.7% compared to the previous month, where it stood at 74,200 shares as of November 30th. The current short interest indicates a days-to-cover ratio of 0.3 days, based on an average trading volume of 203,800 shares.

Institutional Investors Update on Invesco Municipal Trust

Recent activities from several hedge funds indicate changes in their investments in Invesco Municipal Trust. For instance, Community Bank N.A. increased its holdings in the trust by 100.0% during the third quarter, acquiring an additional 2,000 shares. These actions raised their total to 4,000 shares, valued at approximately $41,000. Additionally, Blue Bell Private Wealth Management LLC entered a new position in Invesco Municipal Trust in the second quarter worth about $68,000. Other notable investments include Private Advisor Group LLC, which purchased shares valued around $108,000, and Ackerman Capital Advisors LLC, which also acquired shares valued at approximately $137,000 in the same quarter. Moreover, Sanctuary Advisors LLC added a position during the second quarter worth about $142,000. Overall, institutional investors currently hold 32.00% of Invesco Municipal Trust's stock.

Recent Stock Performance of Invesco Municipal Trust

On Friday, the shares of Invesco Municipal Trust opened at $9.54. The fund's stock has seen fluctuations over the past year, reaching a low of $9.15 and a high of $10.47. Its 50-day moving average stands at $9.98, while the 200-day moving average is at $10.05.

Dividends Announced by Invesco Municipal Trust

Invesco Municipal Trust has announced a dividend payout, scheduled for Tuesday, December 31st. Shareholders who were on record as of December 17th will receive a dividend of $0.0628 per share, with the ex-dividend date also set for December 17th.

About Invesco Municipal Trust

Invesco Municipal Trust is a closed-end fixed income mutual fund that is managed by Invesco Ltd. The fund benefits from the expertise of several subsidiaries under Invesco, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc., among others.

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