Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Declines By 17.3%

Inv Vk Mun Tr (NYSE:VKQ) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 71,954 shares, a drop of 17.3% from the February 12th total of 87,056 shares. Based on an average daily volume of 192,236 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 192,236 shares, the days-to-cover ratio is presently 0.4 days.

Inv Vk Mun Tr Price Performance

Shares of NYSE VKQ traded down $0.05 during trading hours on Monday, hitting $9.69. 156,483 shares of the stock were exchanged, compared to its average volume of 187,838. The company’s 50 day moving average is $9.81 and its 200 day moving average is $9.67. Inv Vk Mun Tr has a one year low of $8.86 and a one year high of $9.99.

Inv Vk Mun Tr Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On Inv Vk Mun Tr

Several hedge funds and other institutional investors have recently made changes to their positions in VKQ. Rivernorth Capital Management LLC increased its stake in shares of Inv Vk Mun Tr by 31.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock worth $55,669,000 after purchasing an additional 1,390,317 shares during the period. NewEdge Advisors LLC boosted its stake in Inv Vk Mun Tr by 159.2% during the 4th quarter. NewEdge Advisors LLC now owns 225,299 shares of the investment management company’s stock valued at $2,174,000 after purchasing an additional 138,365 shares during the period. LPL Financial LLC boosted its stake in 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 during the period. Jones Financial Companies Lllp acquired a new stake in Inv Vk Mun Tr in the 1st quarter valued at approximately $769,000. Finally, Raymond James Financial Inc. grew 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 valued at $1,862,000 after buying an additional 71,026 shares during the last quarter. 32.00% of the stock is owned by institutional investors and hedge funds.

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.