Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Grows By 69.5%

Invesco Trust for Investment Grade Municipals (NYSE:VGMGet Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 148,800 shares, an increase of 69.5% from the January 15th total of 87,800 shares. Based on an average daily trading volume, of 229,900 shares, the short-interest ratio is presently 0.6 days.

Invesco Trust for Investment Grade Municipals Stock Up 0.4 %

VGM opened at $9.94 on Tuesday. The business’s 50 day moving average is $9.74 and its 200-day moving average is $9.28. Invesco Trust for Investment Grade Municipals has a twelve month low of $8.15 and a twelve month high of $10.38.

Invesco Trust for Investment Grade Municipals Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.0388 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, February 15th. This is a boost from Invesco Trust for Investment Grade Municipals’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its holdings in Invesco Trust for Investment Grade Municipals by 5.2% during the second quarter. Sit Investment Associates Inc. now owns 3,052,160 shares of the investment management company’s stock worth $29,636,000 after purchasing an additional 150,888 shares in the last quarter. Karpus Management Inc. raised its holdings in Invesco Trust for Investment Grade Municipals by 15.6% during the third quarter. Karpus Management Inc. now owns 2,461,545 shares of the investment management company’s stock worth $20,923,000 after purchasing an additional 331,592 shares in the last quarter. Bramshill Investments LLC raised its holdings in Invesco Trust for Investment Grade Municipals by 4.6% during the third quarter. Bramshill Investments LLC now owns 2,338,567 shares of the investment management company’s stock worth $19,878,000 after purchasing an additional 103,192 shares in the last quarter. Guggenheim Capital LLC grew its position in Invesco Trust for Investment Grade Municipals by 7.8% in the first quarter. Guggenheim Capital LLC now owns 1,562,221 shares of the investment management company’s stock worth $18,152,000 after buying an additional 112,975 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its position in Invesco Trust for Investment Grade Municipals by 36.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,390,028 shares of the investment management company’s stock worth $13,497,000 after purchasing an additional 373,092 shares in the last quarter. Institutional investors own 30.66% of the company’s stock.

Invesco Trust for Investment Grade Municipals Company Profile

(Get Free Report)

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.

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