Short Interest in Inv Vk Tr Inv (NYSE:VGM) Rises By 78.4%

Inv Vk Tr Inv (NYSE:VGM) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 197,243 shares, an increase of 78.4% from the February 26th total of 110,588 shares. Based on an average daily trading volume, of 152,296 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors raised its holdings in Inv Vk Tr Inv by 21.2% in the 4th quarter. World Investment Advisors now owns 67,694 shares of the investment management company’s stock worth $702,000 after purchasing an additional 11,860 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Inv Vk Tr Inv in the 4th quarter worth about $162,000. NewEdge Advisors LLC boosted its stake in shares of Inv Vk Tr Inv by 36.3% during the 4th quarter. NewEdge Advisors LLC now owns 58,715 shares of the investment management company’s stock valued at $609,000 after purchasing an additional 15,645 shares in the last quarter. Claro Advisors Inc. increased its position in shares of Inv Vk Tr Inv by 32.1% during the fourth quarter. Claro Advisors Inc. now owns 113,427 shares of the investment management company’s stock valued at $1,176,000 after buying an additional 27,590 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of Inv Vk Tr Inv by 5.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,242,714 shares of the investment management company’s stock valued at $12,887,000 after buying an additional 58,922 shares during the period. 38.13% of the stock is owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Trading Down 1.7%

Shares of VGM stock opened at $9.70 on Friday. Inv Vk Tr Inv has a fifty-two week low of $9.28 and a fifty-two week high of $10.66. The business’s 50 day moving average price is $10.35 and its 200-day moving average price is $10.25.

Inv Vk Tr Inv Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

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