Inv Vk Invt Ny (NYSE:VTN) Sees Large Decrease in Short Interest

Inv Vk Invt Ny (NYSE:VTN) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 22,624 shares, a decline of 46.0% from the September 15th total of 41,881 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 66,360 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Inv Vk Invt Ny

A hedge fund recently bought a new position in Inv Vk Invt Ny stock. Integrated Wealth Concepts LLC acquired a new position in Inv Vk Invt Ny (NYSE:VTN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,200 shares of the investment management company’s stock, valued at approximately $49,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Invt Ny Price Performance

NYSE VTN traded down $0.02 during trading on Friday, hitting $9.68. 69,074 shares of the company’s stock traded hands, compared to its average volume of 34,878. Inv Vk Invt Ny has a 12-month low of $8.99 and a 12-month high of $12.10. The business has a 50 day moving average of $10.15 and a 200-day moving average of $10.81.

Inv Vk Invt Ny Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from Inv Vk Invt Ny’s previous monthly dividend of $0.0685.

About Inv Vk Invt Ny

Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes.

The fund invests primarily in investment-grade municipal securities issued by or on behalf of governmental entities in New York. Its portfolio may include bonds financing public infrastructure and other essential services, with the fund’s investment strategy focused on generating tax-advantaged income rather than operating a commercial business.

VTN is managed by investment professionals affiliated with Invesco, a global asset-management firm.