Inv Vk Invt Ny (NYSE:VTN) Short Interest Down 23.6% in March

Key Points

• Short interest fell 23.6% in March to 103,519 shares (about 0.6% of shares short), with a days-to-cover ratio of 2.1 based on average daily volume.
• The fund declared a monthly dividend of $0.0685 per share (ex-dividend Mar 16, payable Mar 31), implying a 7.8% yield.
• Multiple institutional investors raised positions in Q3 (e.g., North Ground Capital +73.6%, Hennion & Walsh +52.9%), and institutions/hedge funds now own 34.87% of the stock.

Inv Vk Invt Ny (NYSE:VTN - ) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 103,519 shares, a decrease of 23.6% from the February 26th total of 135,504 shares. Based on an average daily trading volume, of 49,468 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.6% of the company's shares are short sold.

Institutional Investors Weigh In On Inv Vk Invt Ny

Several hedge funds have recently modified their holdings of the stock. North Ground Capital increased its position in Inv Vk Invt Ny by 73.6% during the third quarter. North Ground Capital now owns 106,729 shares of the investment management company's stock worth $1,176,000 after purchasing an additional 45,256 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Inv Vk Invt Ny by 52.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 253,029 shares of the investment management company's stock worth $2,788,000 after purchasing an additional 87,544 shares during the period. Alpine Global Management LLC acquired a new position in shares of Inv Vk Invt Ny in the 3rd quarter valued at $619,000. Ashton Thomas Securities LLC boosted its holdings in shares of Inv Vk Invt Ny by 14.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 149,200 shares of the investment management company's stock valued at $1,644,000 after purchasing an additional 18,500 shares during the last quarter. Finally, Fingerlakes Wealth Management Inc. purchased a new stake in shares of Inv Vk Invt Ny during the 3rd quarter valued at $111,000. 34.87% of the stock is owned by institutional investors and hedge funds.

Inv Vk Invt Ny Price Performance

Shares of NYSE:VTN opened at $10.59 on Friday. The stock's 50-day moving average price is $11.48 and its two-hundred day moving average price is $11.32. Inv Vk Invt Ny has a 12-month low of $9.49 and a 12-month high of $12.10.

Inv Vk Invt Ny Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.0685 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, March 16th.

Inv Vk Invt Ny Company Profile

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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