Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Up 30.6% in February

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, an increase of 30.6% from the February 13th total of 14,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 77,600 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

Several institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its holdings in Invesco Trust for Investment Grade New York Municipals by 21.4% during the third quarter. Rivernorth Capital Management LLC now owns 197,573 shares of the investment management company’s stock worth $2,278,000 after buying an additional 34,827 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Invesco Trust for Investment Grade New York Municipals by 2.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock worth $1,605,000 after buying an additional 3,075 shares in the last quarter. PFG Investments LLC bought a new stake in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth $112,000. Joseph P. Lucia & Associates LLC grew its holdings in Invesco Trust for Investment Grade New York Municipals by 131.3% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company’s stock worth $273,000 after buying an additional 14,797 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock worth $143,000 after buying an additional 12,655 shares in the last quarter. 34.87% of the stock is owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of Invesco Trust for Investment Grade New York Municipals stock traded down $0.02 during midday trading on Monday, reaching $10.39. The company had a trading volume of 26,878 shares, compared to its average volume of 61,569. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $10.16 and a fifty-two week high of $11.68. The stock has a fifty day moving average price of $10.50 and a 200 day moving average price of $11.00.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0685 dividend. This represents a $0.82 annualized dividend and a yield of 7.92%. The ex-dividend date of this dividend is Monday, March 17th.

About Invesco Trust for Investment Grade New York Municipals

Invesco Trust for Investment Grade New York 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.