Short Interest in Inv Vk Tr Inv (NYSE:VGM) Expands By 53.7%

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 419,812 shares, a growth of 53.7% from the July 30th total of 273,156 shares. Based on an average daily volume of 114,352 shares, the short-interest ratio is currently 3.7 days. Currently, 0.8% of the company’s shares are sold short.

Inv Vk Tr Inv Price Performance

VGM traded down $0.09 during trading on Tuesday, hitting $10.28. The company’s stock had a trading volume of 8,243 shares, compared to its average volume of 177,380. Inv Vk Tr Inv has a twelve month low of $9.50 and a twelve month high of $10.66. The stock’s fifty day moving average price is $10.39 and its 200-day moving average price is $10.29.

Inv Vk Tr Inv Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Monday, August 17th.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several institutional investors have recently made changes to their positions in VGM. Hennion & Walsh Asset Management Inc. grew its stake in shares of Inv Vk Tr Inv by 27.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock valued at $13,221,000 after buying an additional 269,066 shares during the period. LPL Financial LLC boosted its holdings in Inv Vk Tr Inv by 12.7% in the fourth quarter. LPL Financial LLC now owns 855,464 shares of the investment management company’s stock worth $8,871,000 after acquiring an additional 96,570 shares in the last quarter. Bank of America Corp DE raised its holdings in Inv Vk Tr Inv by 28.1% during the second quarter. Bank of America Corp DE now owns 434,009 shares of the investment management company’s stock worth $4,119,000 after buying an additional 95,282 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Inv Vk Tr Inv by 46.0% during the first quarter. Cetera Investment Advisers now owns 187,141 shares of the investment management company’s stock valued at $1,847,000 after buying an additional 58,961 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Inv Vk Tr Inv by 5.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,242,714 shares of the investment management company’s stock worth $12,887,000 after acquiring an additional 58,922 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

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.