Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Decreases By 21.3%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 172,000 shares, a decrease of 21.3% from the December 15th total of 218,600 shares. Based on an average trading volume of 197,900 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sovereign Financial Group Inc. acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the third quarter valued at about $116,000. Almitas Capital LLC acquired a new stake in Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at approximately $129,000. Dynamic Advisor Solutions LLC increased its holdings in Invesco Trust for Investment Grade Municipals by 16.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,800 shares during the last quarter. Capital Investment Advisors LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter worth $134,000. Finally, Kercheville Advisors LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 8.3% during the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock worth $142,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Price Performance

VGM stock traded down $0.03 during midday trading on Friday, hitting $10.12. 86,497 shares of the company’s stock were exchanged, compared to its average volume of 128,472. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.47 and a 1-year high of $10.70. The business has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $10.31.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.0646 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.78 annualized dividend and a yield of 7.66%.

About Invesco Trust for Investment Grade Municipals

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.