Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Down 43.3% in February

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 75,900 shares, a decline of 43.3% from the January 31st total of 133,900 shares. Based on an average trading volume of 176,600 shares, the short-interest ratio is presently 0.4 days.

Invesco Trust for Investment Grade Municipals Trading Down 0.1 %

Shares of VGM traded down $0.02 during midday trading on Monday, hitting $10.24. 144,660 shares of the company traded hands, compared to its average volume of 155,220. The stock has a 50-day moving average of $10.10 and a 200-day moving average of $10.27. Invesco Trust for Investment Grade Municipals has a one year low of $9.47 and a one year high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend was Tuesday, February 18th.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Robinson Capital Management LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 44.5% during the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock valued at $13,957,000 after buying an additional 425,602 shares during the period. Pathstone Holdings LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 45.6% during the fourth quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company’s stock valued at $11,247,000 after buying an additional 348,153 shares during the period. Guggenheim Capital LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 36.2% during the fourth quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company’s stock valued at $7,371,000 after buying an additional 193,954 shares during the period. Van ECK Associates Corp increased its position in shares of Invesco Trust for Investment Grade Municipals by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock valued at $4,105,000 after buying an additional 12,316 shares during the period. Finally, LPL Financial LLC increased its position in shares of Invesco Trust for Investment Grade Municipals by 143.4% during the fourth quarter. LPL Financial LLC now owns 361,472 shares of the investment management company’s stock valued at $3,651,000 after buying an additional 212,940 shares during the period. 38.13% of the stock is currently owned by institutional investors.

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.