Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Down 21.3% in December

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 172,000 shares, a decline of 21.3% from the December 15th total of 218,600 shares. Based on an average daily trading volume, of 197,900 shares, the short-interest ratio is currently 0.9 days.

Invesco Trust for Investment Grade Municipals Stock Down 0.2 %

Shares of VGM traded down $0.03 during trading hours on Friday, reaching $10.12. 86,497 shares of the stock traded hands, compared to its average volume of 128,472. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week high of $10.70. The stock has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.31.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.66%.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

Hedge funds and other institutional investors have recently modified their holdings of the business. Sovereign Financial Group Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the third quarter valued at approximately $116,000. Almitas Capital LLC bought a new position in Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at $129,000. Capital Investment Advisors LLC purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $134,000. Dynamic Advisor Solutions LLC raised its stake in shares of Invesco Trust for Investment Grade Municipals by 16.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after purchasing an additional 1,800 shares during the period. Finally, Kercheville Advisors LLC boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.3% in the 3rd quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock worth $142,000 after buying an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

About Invesco Trust for Investment Grade Municipals

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.