Inv Vk Invt Ny (NYSE:VTN) Sees Large Decline in Short Interest

Key Points

• Short interest fell sharply by 45.3% in March to 56,613 shares as of March 31, leaving a days-to-cover ratio of 1.6 and just 0.4% of shares short.
• The fund declared a monthly dividend of $0.0685 per share, with an ex-dividend and record date of April 14 and payment on April 30, implying a yield of about 7.4%.
• Shares traded at $11.18 (1-year range $9.80–$12.10) and are held 34.87% by institutional investors, with 50- and 200-day moving averages near $11.34–$11.38.

Inv Vk Invt Ny (NYSE:VTN - ) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 56,613 shares, a decrease of 45.3% from the March 15th total of 103,519 shares. Based on an average daily volume of 36,055 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aventura Private Wealth LLC purchased a new position in Inv Vk Invt Ny in the fourth quarter worth $46,000. Fingerlakes Wealth Management Inc. purchased a new position in Inv Vk Invt Ny in the third quarter worth $111,000. Susquehanna International Group LLP raised its position in Inv Vk Invt Ny by 17.6% in the third quarter. Susquehanna International Group LLP now owns 12,425 shares of the investment management company's stock worth $137,000 after acquiring an additional 1,861 shares in the last quarter. &PARTNERS purchased a new position in Inv Vk Invt Ny in the fourth quarter worth $147,000. Finally, Jane Street Group LLC purchased a new position in Inv Vk Invt Ny in the fourth quarter worth $202,000. Hedge funds and other institutional investors own 34.87% of the company's stock.

Inv Vk Invt Ny Price Performance

Shares of Inv Vk Invt Ny stock traded up $0.04 during trading hours on Monday, hitting $11.18. 5,029 shares of the company were exchanged, compared to its average volume of 27,627. Inv Vk Invt Ny has a 1 year low of $9.80 and a 1 year high of $12.10. The business has a 50-day moving average of $11.38 and a 200-day moving average of $11.34.

Inv Vk Invt Ny Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a dividend of $0.0685 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Tuesday, April 14th.

About Inv Vk Invt Ny

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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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