Inv Vk Mun Tr (NYSE:VKQ) Short Interest Down 17.3% in February

Inv Vk Mun Tr (NYSE:VKQ) saw a significant drop in short interest in 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 trading volume, of 192,236 shares, the short-interest ratio is presently 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 trading volume, of 192,236 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Inv Vk Mun Tr

Institutional investors have recently modified their holdings of the company. World Investment Advisors acquired a new stake in shares of Inv Vk Mun Tr in the fourth quarter worth $237,000. Vericrest Private Wealth acquired a new position in Inv Vk Mun Tr in the 4th quarter valued at $169,000. Invesco Ltd. grew its stake in Inv Vk Mun Tr by 28.4% in the 4th quarter. Invesco Ltd. now owns 215,207 shares of the investment management company’s stock valued at $2,077,000 after buying an additional 47,615 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Inv Vk Mun Tr by 159.2% in 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 period. Finally, Rivernorth Capital Management LLC raised its holdings in 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 acquiring an additional 1,390,317 shares during the period. Institutional investors own 32.00% of the company’s stock.

Inv Vk Mun Tr Stock Performance

Shares of VKQ traded up $0.03 during trading hours on Wednesday, hitting $9.71. 16,266 shares of the company were exchanged, compared to its average volume of 182,952. The firm’s 50 day moving average is $9.81 and its 200-day moving average is $9.68. Inv Vk Mun Tr has a 52 week low of $8.86 and a 52 week high of $9.99.

Inv Vk Mun Tr Announces Dividend

The business 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%.

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.