Inv Vk Tr Inv (NYSE:VGM) Short Interest Up 53.7% in August

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 419,812 shares, a growth of 53.7% from the July 30th total of 273,156 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 114,352 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Trading of Inv Vk Tr Inv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Inv Vk Tr Inv by 27.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock worth $13,221,000 after acquiring an additional 269,066 shares during the period. Guggenheim Capital LLC boosted its stake in Inv Vk Tr Inv by 5.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,242,714 shares of the investment management company’s stock valued at $12,887,000 after purchasing an additional 58,922 shares during the period. LPL Financial LLC grew its position in 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. UBS Group AG grew its position in Inv Vk Tr Inv by 2.8% in the 4th quarter. UBS Group AG now owns 568,689 shares of the investment management company’s stock worth $5,897,000 after purchasing an additional 15,267 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Inv Vk Tr Inv by 14.3% in the third quarter. Bank of America Corp DE now owns 495,908 shares of the investment management company’s stock valued at $5,019,000 after purchasing an additional 61,899 shares during the period. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Tr Inv Stock Up 0.1%

Shares of VGM stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.14. 5,996 shares of the company were exchanged, compared to its average volume of 177,218. The business’s 50 day simple moving average is $10.39 and its 200 day simple moving average is $10.29. Inv Vk Tr Inv has a fifty-two week low of $9.52 and a fifty-two week high of $10.66.

Inv Vk Tr Inv Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be given a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, September 14th.

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.