Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Sees Significant Growth in Short Interest

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, a growth of 30.6% from the February 13th total of 14,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 77,600 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Trust for Investment Grade New York Municipals Trading Up 0.5 %

VTN traded up $0.06 during midday trading on Tuesday, hitting $10.52. The company had a trading volume of 30,928 shares, compared to its average volume of 55,179. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $10.99. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $10.16 and a 52 week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC raised its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 3.9% in the 4th quarter. Guggenheim Capital LLC now owns 350,865 shares of the investment management company’s stock worth $3,674,000 after acquiring an additional 13,277 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.5% in the fourth quarter. Bank of America Corp DE now owns 250,348 shares of the investment management company’s stock worth $2,621,000 after purchasing an additional 15,185 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 24.0% in the third quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock valued at $2,326,000 after purchasing an additional 39,001 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after buying an additional 3,075 shares during the last quarter. Finally, Ashton Thomas Securities LLC raised its position in Invesco Trust for Investment Grade New York Municipals by 145.5% in the 4th quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock valued at $1,169,000 after buying an additional 66,200 shares during the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

About Invesco Trust for Investment Grade New York Municipals

Invesco Trust for Investment Grade New York 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.