Inv Vk Invt Ny (NYSE:VTN) Sees Significant Increase in Short Interest

Inv Vk Invt Ny (NYSE:VTN) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 72,703 shares, a growth of 49.4% from the July 30th total of 48,655 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 22,996 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On Inv Vk Invt Ny

Hedge funds and other institutional investors have recently made changes to their positions in the business. Indivisible Partners acquired a new stake in Inv Vk Invt Ny in the 4th quarter valued at $2,622,000. Guggenheim Capital LLC lifted its stake in shares of Inv Vk Invt Ny by 9.8% during the fourth quarter. Guggenheim Capital LLC now owns 254,899 shares of the investment management company’s stock worth $2,934,000 after purchasing an additional 22,686 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Inv Vk Invt Ny by 7.5% in the fourth quarter. Royal Bank of Canada now owns 170,015 shares of the investment management company’s stock worth $1,957,000 after buying an additional 11,900 shares during the period. Bank of America Corp DE grew its stake in shares of Inv Vk Invt Ny by 6.8% in the second quarter. Bank of America Corp DE now owns 112,148 shares of the investment management company’s stock valued at $1,171,000 after buying an additional 7,184 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Inv Vk Invt Ny by 20.0% in the fourth quarter. LPL Financial LLC now owns 40,266 shares of the investment management company’s stock valued at $463,000 after buying an additional 6,699 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

Inv Vk Invt Ny Price Performance

VTN opened at $10.54 on Thursday. The firm has a 50 day moving average price of $11.15 and a 200 day moving average price of $11.19. Inv Vk Invt Ny has a 1 year low of $10.09 and a 1 year high of $12.10.

Inv Vk Invt Ny Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be given a $0.0685 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Inv Vk Invt Ny Company Profile

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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.