Inv Vk Mun Tr (NYSE:VKQ) Short Interest Update

Inv Vk Mun Tr (NYSE:VKQ) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 89,232 shares, a growth of 201.7% from the November 30th total of 29,577 shares. Based on an average daily trading volume, of 199,336 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 199,336 shares, the short-interest ratio is presently 0.4 days.

Inv Vk Mun Tr Stock Up 0.4%

Shares of VKQ stock opened at $9.64 on Friday. Inv Vk Mun Tr has a one year low of $8.86 and a one year high of $10.18. The stock’s fifty day simple moving average is $9.65 and its 200 day simple moving average is $9.41.

Inv Vk Mun Tr Announces Dividend

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

Insider Transactions at Inv Vk Mun Tr

In related news, Portfolio Manager Timothy M. O’reilly acquired 5,200 shares of the stock in a transaction dated Wednesday, November 5th. The shares were bought at an average cost of $9.62 per share, for a total transaction of $50,024.00. Following the purchase, the portfolio manager owned 10,747 shares in the company, valued at approximately $103,386.14. This trade represents a 93.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VKQ. Advisory Services Network LLC acquired a new stake in Inv Vk Mun Tr in the 3rd quarter valued at about $36,000. Trust Co. of Toledo NA OH bought a new stake in Inv Vk Mun Tr in the second quarter valued at approximately $38,000. Wolverine Asset Management LLC acquired a new stake in shares of Inv Vk Mun Tr in the second quarter valued at approximately $80,000. Perennial Investment Advisors LLC bought a new position in shares of Inv Vk Mun Tr during the 3rd quarter worth approximately $107,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Inv Vk Mun Tr by 16.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,206 shares of the investment management company’s stock worth $130,000 after acquiring an additional 2,051 shares during the last quarter. 32.00% of the stock is currently 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.