Short Interest in Inv Vk Tr Inv (NYSE:VGM) Declines By 27.2%

Inv Vk Tr Inv (NYSE:VGM) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 110,588 shares, a drop of 27.2% from the February 12th total of 151,848 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 134,727 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 134,727 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Inv Vk Tr Inv Stock Up 0.3%

VGM traded up $0.03 on Friday, reaching $10.35. 134,607 shares of the company’s stock were exchanged, compared to its average volume of 137,877. Inv Vk Tr Inv has a twelve month low of $9.28 and a twelve month high of $10.66. The company’s 50 day moving average is $10.42 and its 200-day moving average is $10.22.

Inv Vk Tr Inv Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, March 16th.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several hedge funds and other institutional investors have recently made changes to their positions in VGM. Gridiron Partners LLC raised its holdings in Inv Vk Tr Inv by 1,048.6% in the third quarter. Gridiron Partners LLC now owns 1,722,730 shares of the investment management company’s stock valued at $17,434,000 after acquiring an additional 1,572,747 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Inv Vk Tr Inv by 1,650.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 498,772 shares of the investment management company’s stock worth $5,172,000 after acquiring an additional 470,277 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Inv Vk Tr Inv by 23.7% during the 2nd quarter. Guggenheim Capital LLC now owns 1,088,357 shares of the investment management company’s stock worth $10,329,000 after acquiring an additional 208,225 shares in the last quarter. LPL Financial LLC increased its position in shares of Inv Vk Tr Inv by 12.7% in the 4th quarter. LPL Financial LLC now owns 855,464 shares of the investment management company’s stock worth $8,871,000 after purchasing an additional 96,570 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Inv Vk Tr Inv by 28.1% in the 2nd quarter. Bank of America Corp DE now owns 434,009 shares of the investment management company’s stock valued at $4,119,000 after purchasing an additional 95,282 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.