Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Declines By 24.6%

Inv Vk Mun Tr (NYSE:VKQ) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 70,010 shares, a decrease of 24.6% from the January 15th total of 92,818 shares. Based on an average daily volume of 187,559 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 187,559 shares, the short-interest ratio is currently 0.4 days.

Inv Vk Mun Tr Trading Up 0.3%

Shares of VKQ traded up $0.03 during midday trading on Friday, reaching $9.95. 244,110 shares of the company were exchanged, compared to its average volume of 185,424. The stock has a 50-day moving average price of $9.72 and a 200-day moving average price of $9.56. 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, February 27th. Investors of record on Tuesday, February 17th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Trading of Inv Vk Mun Tr

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Inv Vk Mun Tr by 15.7% during the fourth quarter. LPL Financial LLC now owns 960,745 shares of the investment management company’s stock worth $9,271,000 after purchasing an additional 130,288 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Inv Vk Mun Tr during the 1st quarter worth $769,000. Raymond James Financial Inc. lifted 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 buying an additional 71,026 shares in the last quarter. Smith Moore & CO. boosted its position in Inv Vk Mun Tr by 59.4% in the 3rd quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 61,742 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of Inv Vk Mun Tr during the second quarter valued at about $496,000. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.