Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Up 77.6% in March

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 34,100 shares, an increase of 77.6% from the February 28th total of 19,200 shares. Based on an average daily volume of 70,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Invesco Trust for Investment Grade New York Municipals Stock Performance

NYSE VTN traded up $0.01 during mid-day trading on Friday, reaching $10.43. 20,804 shares of the stock were exchanged, compared to its average volume of 55,783. The business’s 50 day moving average is $10.54 and its 200-day moving average is $10.94. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $10.16 and a 1 year high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date is Wednesday, April 16th.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth approximately $112,000. PFG Investments LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at approximately $112,000. Walleye Capital LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at $115,000. Wolverine Asset Management LLC increased its holdings in Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock worth $143,000 after acquiring an additional 12,655 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth $153,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York 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.