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

Inv Vk Mun Tr (NYSE:VKQ) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 258,680 shares, a growth of 72.4% from the April 30th total of 150,061 shares. Based on an average trading volume of 259,595 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Inv Vk Mun Tr Stock Down 0.3%

Shares of NYSE:VKQ opened at $9.74 on Thursday. Inv Vk Mun Tr has a 52-week low of $8.94 and a 52-week high of $9.99. The company has a 50 day moving average of $9.65 and a two-hundred day moving average of $9.69.

Inv Vk Mun Tr Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Trading of Inv Vk Mun Tr

A number of hedge funds have recently made changes to their positions in the stock. Melfa Wealth Management Inc. grew its position in shares of Inv Vk Mun Tr by 6.4% during the fourth quarter. Melfa Wealth Management Inc. now owns 33,542 shares of the investment management company’s stock worth $324,000 after buying an additional 2,027 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Inv Vk Mun Tr by 16.9% during the second 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 in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Inv Vk Mun Tr by 4.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 49,484 shares of the investment management company’s stock worth $478,000 after buying an additional 2,200 shares in the last quarter. Madison Park Capital Advisors LLC grew its position in shares of Inv Vk Mun Tr by 6.2% during the first quarter. Madison Park Capital Advisors LLC now owns 45,236 shares of the investment management company’s stock worth $431,000 after buying an additional 2,628 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of Inv Vk Mun Tr by 11.0% during the first quarter. World Investment Advisors now owns 27,269 shares of the investment management company’s stock worth $260,000 after buying an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 32.00% of the company’s stock.

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.