Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Decreases By 43.3%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 75,900 shares, a decrease of 43.3% from the January 31st total of 133,900 shares. Based on an average daily volume of 176,600 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Trust for Investment Grade Municipals Stock Up 0.2 %

NYSE:VGM traded up $0.03 during midday trading on Friday, hitting $10.27. The stock had a trading volume of 243,316 shares, compared to its average volume of 151,180. Invesco Trust for Investment Grade Municipals has a one year low of $9.47 and a one year high of $10.70. The stock has a 50-day moving average of $10.09 and a 200 day moving average of $10.27.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.0646 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.78 annualized dividend and a yield of 7.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VGM. Rockefeller Capital Management L.P. lifted its holdings in Invesco Trust for Investment Grade Municipals by 1.7% during the third quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock worth $640,000 after buying an additional 1,030 shares during the period. Bank of Montreal Can lifted its holdings in Invesco Trust for Investment Grade Municipals by 4.0% during the fourth quarter. Bank of Montreal Can now owns 39,005 shares of the investment management company’s stock worth $394,000 after buying an additional 1,504 shares during the period. Stifel Financial Corp lifted its holdings in Invesco Trust for Investment Grade Municipals by 1.1% during the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after buying an additional 1,896 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Invesco Trust for Investment Grade Municipals by 3.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 56,861 shares of the investment management company’s stock worth $574,000 after buying an additional 2,126 shares during the period. Finally, Melone Private Wealth LLC lifted its holdings in Invesco Trust for Investment Grade Municipals by 1.6% during the fourth quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock worth $1,761,000 after buying an additional 2,684 shares during the period. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals 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.