Inv Vk Mun Tr (NYSE:VKQ) Short Interest Update

Inv Vk Mun Tr (NYSE:VKQ) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 92,818 shares, a growth of 97.6% from the December 31st total of 46,982 shares. Based on an average trading volume of 192,794 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 192,794 shares, the short-interest ratio is currently 0.5 days.

Inv Vk Mun Tr Stock Performance

VKQ stock opened at $9.79 on Friday. The company’s fifty day simple moving average is $9.66 and its 200 day simple moving average is $9.50. Inv Vk Mun Tr has a 12-month low of $8.86 and a 12-month high of $10.18.

Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 15th were given a dividend of $0.0628 per share. The ex-dividend date was Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Insiders Place Their Bets

In other news, Portfolio Manager Timothy M. O’reilly acquired 5,200 shares of Inv Vk Mun Tr stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of $9.62 per share, with a total value of $50,024.00. Following the purchase, the portfolio manager owned 10,747 shares in the company, valued at $103,386.14. This trade represents a 93.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Inv Vk Mun Tr

A number of hedge funds have recently added to or reduced their stakes in VKQ. Jones Financial Companies Lllp bought a new position in shares of Inv Vk Mun Tr during the 1st quarter worth approximately $769,000. Trust Co. of Toledo NA OH bought a new position in Inv Vk Mun Tr during the second quarter worth $38,000. Whipplewood Advisors LLC boosted its stake in Inv Vk Mun Tr by 27.1% during the second quarter. Whipplewood Advisors LLC now owns 82,639 shares of the investment management company’s stock worth $756,000 after acquiring an additional 17,613 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Inv Vk Mun Tr in the second quarter worth $80,000. Finally, Prospera Financial Services Inc increased its stake in Inv Vk Mun Tr by 73.3% in the second quarter. Prospera Financial Services Inc now owns 26,000 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 11,000 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors.

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.