Inv Vk Mun Tr (NYSE:VKQ) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemInv Vk Mun Tr (NYSE:VKQ – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 201,540 shares, an increase of 126.6% from the March 15th total of 88,934 shares. Based on an average trading volume of 200,871 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC increased its stake in Inv Vk Mun Tr by 3.5% in the 3rd quarter. Riverbridge Partners LLC now owns 31,612 shares of the investment management company’s stock worth $305,000 after buying an additional 1,070 shares during the period. Wealth Alliance Advisory Group LLC boosted its holdings in shares of Inv Vk Mun Tr by 2.8% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 74,716 shares of the investment management company’s stock valued at $721,000 after buying an additional 2,000 shares in the last quarter. Melfa Wealth Management Inc. boosted its holdings in shares of Inv Vk Mun Tr by 6.4% in the 4th quarter. Melfa Wealth Management Inc. now owns 33,542 shares of the investment management company’s stock valued at $324,000 after buying an additional 2,027 shares in the last quarter. Osaic Holdings Inc. raised its position 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 valued at $130,000 after purchasing an additional 2,051 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Inv Vk Mun Tr by 4.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 49,484 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 32.00% of the company’s stock.
Inv Vk Mun Tr Price Performance
Shares of NYSE:VKQ traded down $0.04 during midday trading on Friday, reaching $9.73. 115,829 shares of the company were exchanged, compared to its average volume of 204,180. The business’s fifty day moving average is $9.75 and its two-hundred day moving average is $9.69. Inv Vk Mun Tr has a one year low of $8.94 and a one year high of $9.99.
Inv Vk Mun Tr Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a $0.0628 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.
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.