Short Interest in Inv Vk Tr Inv (NYSE:VGM) Increases By 405.9%

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 364,747 shares, an increase of 405.9% from the April 30th total of 72,103 shares. Based on an average daily volume of 171,946 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the company’s shares are sold short.

Inv Vk Tr Inv Trading Up 0.2%

Shares of NYSE VGM traded up $0.03 during mid-day trading on Thursday, hitting $10.25. 99,161 shares of the company traded hands, compared to its average volume of 185,963. Inv Vk Tr Inv has a 1 year low of $9.37 and a 1 year high of $10.66. The business has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.27.

Inv Vk Tr Inv Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.0646 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, May 14th.

Institutional Trading of Inv Vk Tr Inv

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Inv Vk Tr Inv by 17.8% during the 1st quarter. NewEdge Advisors LLC now owns 69,150 shares of the investment management company’s stock valued at $683,000 after purchasing an additional 10,435 shares during the period. Bank of America Corp DE raised its stake in Inv Vk Tr Inv by 3.9% during the 1st quarter. Bank of America Corp DE now owns 493,823 shares of the investment management company’s stock valued at $4,874,000 after purchasing an additional 18,626 shares during the period. Royal Bank of Canada raised its stake in Inv Vk Tr Inv by 6.4% during the 1st quarter. Royal Bank of Canada now owns 366,523 shares of the investment management company’s stock valued at $3,618,000 after purchasing an additional 22,208 shares during the period. Quadcap Wealth Management LLC acquired a new stake in Inv Vk Tr Inv during the 1st quarter valued at $121,000. Finally, Compound Planning Inc. raised its stake in Inv Vk Tr Inv by 7.0% during the 1st quarter. Compound Planning Inc. now owns 17,974 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 1,178 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

About Inv Vk Tr Inv

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