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

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 46,982 shares, a drop of 47.3% from the December 15th total of 89,232 shares. Based on an average trading volume of 239,036 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 239,036 shares, the short-interest ratio is presently 0.2 days.

Inv Vk Mun Tr Trading Down 0.8%

NYSE:VKQ traded down $0.08 during mid-day trading on Thursday, hitting $9.76. The company had a trading volume of 145,318 shares, compared to its average volume of 190,227. The business has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.46. Inv Vk Mun Tr has a 1 year low of $8.86 and a 1 year high of $10.18.

Inv Vk Mun Tr Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 7.7%.

Insider Buying and Selling at Inv Vk Mun Tr

In other Inv Vk Mun Tr news, Portfolio Manager Timothy M. O’reilly bought 5,200 shares of Inv Vk Mun Tr stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average price of $9.62 per share, for a total transaction of $50,024.00. Following the acquisition, the portfolio manager owned 10,747 shares of the company’s stock, valued at $103,386.14. The trade was a 93.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.37% of the company’s stock.

Institutional Trading of Inv Vk Mun Tr

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Inv Vk Mun Tr during the third quarter valued at approximately $36,000. NewEdge Advisors LLC boosted its stake in shares of Inv Vk Mun Tr by 90.4% in the third quarter. NewEdge Advisors LLC now owns 86,934 shares of the investment management company’s stock valued at $839,000 after purchasing an additional 41,284 shares during the period. Lido Advisors LLC acquired a new stake in Inv Vk Mun Tr during the 3rd quarter valued at $141,000. Bank of America Corp DE increased its stake in Inv Vk Mun Tr by 16.2% during the 3rd quarter. Bank of America Corp DE now owns 184,530 shares of the investment management company’s stock worth $1,781,000 after buying an additional 25,674 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Inv Vk Mun Tr by 33.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 63,040 shares of the investment management company’s stock worth $608,000 after buying an additional 15,774 shares during the period. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.