Inv Vk Invt Ny (NYSE:VTN) Shares Shorted: Short Interest Down 46.0% in September

Inv Vk Invt Ny (NYSE:VTN) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 22,624 shares, a drop of 46.0% from the September 15th total of 41,881 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 66,360 shares, the short-interest ratio is presently 0.3 days.

Inv Vk Invt Ny Stock Down 0.9%

VTN stock traded down $0.08 during trading on Wednesday, reaching $9.25. 7,928 shares of the stock were exchanged, compared to its average volume of 34,123. The firm’s 50 day moving average is $10.25 and its 200 day moving average is $10.84. Inv Vk Invt Ny has a twelve month low of $8.99 and a twelve month high of $12.10.

Inv Vk Invt Ny Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.9%. This is a boost from Inv Vk Invt Ny’s previous monthly dividend of $0.0685. The ex-dividend date of this dividend is Wednesday, October 14th.

Hedge Funds Weigh In On Inv Vk Invt Ny

An institutional investor recently bought a new position in Inv Vk Invt Ny stock. Integrated Wealth Concepts LLC bought a new position in shares of Inv Vk Invt Ny (NYSE:VTN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,200 shares of the investment management company’s stock, valued at approximately $49,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Invt Ny Company Profile

Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes.

The fund invests primarily in investment-grade municipal securities issued by or on behalf of governmental entities in New York. Its portfolio may include bonds financing public infrastructure and other essential services, with the fund’s investment strategy focused on generating tax-advantaged income rather than operating a commercial business.

VTN is managed by investment professionals affiliated with Invesco, a global asset-management firm.