Inv Vk Mun Tr (NYSE:VKQ) Short Interest Up 23.6% in March

Inv Vk Mun Tr (NYSE:VKQ) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 88,934 shares, an increase of 23.6% from the February 26th total of 71,954 shares. Based on an average daily trading volume, of 162,729 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Inv Vk Mun Tr

Hedge funds have recently bought and sold shares of the stock. Rivernorth Capital Management LLC increased its holdings in shares of Inv Vk Mun Tr by 31.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 5,768,838 shares of the investment management company’s stock worth $55,669,000 after buying an additional 1,390,317 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of 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 worth $2,174,000 after acquiring an additional 138,365 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of 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 worth $9,271,000 after acquiring an additional 130,288 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Inv Vk Mun Tr in the first quarter worth $769,000. Finally, Raymond James Financial Inc. grew its position in Inv Vk Mun Tr by 53.6% in the second quarter. Raymond James Financial Inc. now owns 203,544 shares of the investment management company’s stock worth $1,862,000 after acquiring an additional 71,026 shares in the last quarter. 32.00% of the stock is currently owned by institutional investors.

Inv Vk Mun Tr Stock Performance

Shares of NYSE:VKQ traded up $0.11 on Wednesday, hitting $9.63. The company’s stock had a trading volume of 63,320 shares, compared to its average volume of 188,093. The company has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $9.69. Inv Vk Mun Tr has a 1 year low of $8.86 and a 1 year high of $9.99.

Inv Vk Mun Tr Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.0628 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, March 16th.

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.