Inv Vk Mun Tr (NYSE:VKQ) Sees Significant Increase in Short Interest

Inv Vk Mun Tr (NYSE:VKQ) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 92,818 shares, a growth of 97.6% from the December 31st total of 46,982 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 192,794 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 192,794 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Insider Activity

In related news, Portfolio Manager Timothy M. O’reilly bought 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $9.62 per share, with a total value of $50,024.00. Following the completion of the purchase, the portfolio manager owned 10,747 shares of the company’s stock, valued at approximately $103,386.14. The trade was a 93.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new stake in shares of Inv Vk Mun Tr in the first quarter valued at about $769,000. Raymond James Financial Inc. increased its holdings in Inv Vk Mun Tr by 53.6% during the second 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 period. Smith Moore & CO. raised its stake in Inv Vk Mun Tr by 59.4% in the third quarter. Smith Moore & CO. now owns 165,652 shares of the investment management company’s stock worth $1,599,000 after buying an additional 61,742 shares in the last quarter. StoneX Group Inc. purchased a new stake in Inv Vk Mun Tr during the second quarter worth $496,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Inv Vk Mun Tr during the 3rd quarter worth $405,000. 32.00% of the stock is currently owned by institutional investors.

Inv Vk Mun Tr Stock Performance

Shares of NYSE:VKQ traded up $0.03 on Friday, reaching $9.79. The company’s stock had a trading volume of 123,037 shares, compared to its average volume of 184,025. The company has a 50-day simple moving average of $9.66 and a 200 day simple moving average of $9.50. Inv Vk Mun Tr has a 52-week low of $8.86 and a 52-week high of $10.18.

Inv Vk Mun Tr Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.0628 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.