Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Increases By 52.2%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 218,600 shares, a growth of 52.2% from the November 30th total of 143,600 shares. Based on an average daily volume of 192,100 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Invesco Trust for Investment Grade Municipals

Several hedge funds and other institutional investors have recently modified their holdings of VGM. Sovereign Financial Group Inc. bought a new position in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter worth approximately $116,000. Almitas Capital LLC bought a new position in Invesco Trust for Investment Grade Municipals in the second quarter valued at $129,000. Dynamic Advisor Solutions LLC increased its stake in Invesco Trust for Investment Grade Municipals by 16.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after buying an additional 1,800 shares during the last quarter. Kercheville Advisors LLC lifted its position in Invesco Trust for Investment Grade Municipals by 8.3% during the 3rd quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock worth $142,000 after buying an additional 1,027 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals during the 2nd quarter worth about $158,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Down 0.6 %

Shares of Invesco Trust for Investment Grade Municipals stock traded down $0.06 on Friday, hitting $9.82. The company had a trading volume of 606,587 shares, compared to its average volume of 162,328. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70. The stock has a 50-day moving average of $10.22 and a 200-day moving average of $10.33.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.89%. The ex-dividend date is Tuesday, December 17th.

Invesco Trust for Investment Grade Municipals Company Profile

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.