Inv Vk Tr Inv (NYSE:VGM) Short Interest Update

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 127,016 shares, a drop of 58.5% from the January 15th total of 306,138 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 258,875 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 258,875 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Inv Vk Tr Inv Trading Up 0.3%

VGM stock traded up $0.04 during midday trading on Thursday, reaching $10.62. 128,568 shares of the stock were exchanged, compared to its average volume of 224,304. The company has a fifty day moving average price of $10.36 and a 200 day moving average price of $10.09. Inv Vk Tr Inv has a 52 week low of $9.28 and a 52 week high of $10.62.

Inv Vk Tr Inv Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Investors Weigh In On Inv Vk Tr Inv

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in shares of Inv Vk Tr Inv by 9.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 159,679 shares of the investment management company’s stock worth $1,656,000 after buying an additional 13,388 shares during the period. LPL Financial LLC boosted its stake in Inv Vk Tr Inv by 12.7% during the fourth quarter. LPL Financial LLC now owns 855,464 shares of the investment management company’s stock worth $8,871,000 after acquiring an additional 96,570 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in Inv Vk Tr Inv in the fourth quarter valued at $152,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Inv Vk Tr Inv by 6.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,339 shares of the investment management company’s stock worth $273,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Carroll Advisory Group LLC acquired a new stake in shares of Inv Vk Tr Inv in the 4th quarter valued at about $235,000. 38.13% of the stock is currently owned by institutional investors.

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.