Inv Vk Tr Inv (NYSE:VGM) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Inv Vk Tr Inv during the third quarter worth $30,000. Comerica Bank boosted its holdings in Inv Vk Tr Inv by 85.2% during the fourth quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after purchasing an additional 2,470 shares during the last quarter. Allworth Financial LP boosted its holdings in Inv Vk Tr Inv by 727.9% during the fourth quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock worth $59,000 after purchasing an additional 5,001 shares during the last quarter. Fifth Third Bancorp acquired a new position in Inv Vk Tr Inv during the first quarter worth $81,000. Finally, Camelot Portfolios LLC acquired a new position in Inv Vk Tr Inv during the fourth quarter worth $103,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

Inv Vk Tr Inv Stock Up 0.3%

Shares of Inv Vk Tr Inv stock traded up $0.03 on Friday, hitting $10.30. The company had a trading volume of 202,379 shares, compared to its average volume of 172,998. Inv Vk Tr Inv has a twelve month low of $9.37 and a twelve month high of $10.66. The stock has a 50-day moving average of $10.13 and a 200-day moving average of $10.27.

Inv Vk Tr Inv Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a dividend of $0.0646 per share. The ex-dividend date is Thursday, May 14th. This represents a c) annualized dividend and a yield of 7.5%.

Inv Vk Tr Inv Company Profile

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.