Short Interest in Inv Vk Mun Tr (NYSE:VKQ) Increases By 72.4%

Inv Vk Mun Tr (NYSE:VKQ) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 258,680 shares, an increase of 72.4% from the April 30th total of 150,061 shares. Based on an average daily volume of 259,595 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Inv Vk Mun Tr

A number of institutional investors and hedge funds have recently modified their holdings of VKQ. Advisory Services Network LLC purchased a new position in shares of Inv Vk Mun Tr in the 3rd quarter worth $36,000. Global Retirement Partners LLC purchased a new position in shares of Inv Vk Mun Tr in the 4th quarter worth $41,000. Perennial Investment Advisors LLC purchased a new position in shares of Inv Vk Mun Tr in the 3rd quarter worth $107,000. Choreo LLC purchased a new position in shares of Inv Vk Mun Tr in the 4th quarter worth $124,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Inv Vk Mun Tr by 16.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after buying an additional 2,051 shares during the last quarter. 32.00% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Mun Tr Trading Up 0.1%

Shares of VKQ opened at $9.76 on Wednesday. The business’s fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $9.69. Inv Vk Mun Tr has a 12 month low of $8.94 and a 12 month high of $9.99.

Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0628 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, June 15th.

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.