Short Interest in Inv Vk Tr Inv (NYSE:VGM) Declines By 37.2%

Inv Vk Tr Inv (NYSE:VGM) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 273,156 shares, a decline of 37.2% from the July 15th total of 435,171 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 157,513 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Inv Vk Tr Inv

A number of institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in Inv Vk Tr Inv in the 3rd quarter worth approximately $30,000. Comerica Bank boosted its stake in Inv Vk Tr Inv by 85.2% during the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 2,470 shares during the last quarter. Allworth Financial LP boosted its stake in Inv Vk Tr Inv by 727.9% during the 4th quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 5,001 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Inv Vk Tr Inv during the 1st quarter valued at $81,000. Finally, Camelot Portfolios LLC bought a new stake in shares of Inv Vk Tr Inv in the 4th quarter worth $103,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Inv Vk Tr Inv Price Performance

Shares of VGM stock opened at $10.35 on Thursday. Inv Vk Tr Inv has a one year low of $9.48 and a one year high of $10.66. The company’s 50-day moving average is $10.39 and its 200 day moving average is $10.29.

Inv Vk Tr Inv Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.0646 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 17th.

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.