Short Interest in Inv Vk Tr Inv (NYSE:VGM) Expands By 68.8%

Key Points

• Inv Vk Tr Inv (NYSE:VGM) saw a 68.8% increase in short interest in August, with a total of 197,200 shares short sold as of August 31st.
• The company announced a monthly dividend of $0.0646, set to be paid on September 30th, representing an annual yield of 7.7% for shareholders.
• Significant institutional investments occurred recently, with Guggenheim Capital LLC increasing its holdings by 23.7%, now owning over 1 million shares valued at approximately $10.3 million.

Inv Vk Tr Inv (NYSE:VGM - Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 197,200 shares, a growth of 68.8% from the August 15th total of 116,800 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 248,700 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 248,700 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company's shares are short sold.

Inv Vk Tr Inv Trading Up 0.1%

Shares of VGM traded up $0.01 during trading hours on Friday, reaching $10.08. 103,648 shares of the company traded hands, compared to its average volume of 265,448. The company's fifty day moving average price is $9.63 and its two-hundred day moving average price is $9.66. Inv Vk Tr Inv has a 12 month low of $9.28 and a 12 month high of $10.63.

Inv Vk Tr Inv Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Investors Weigh In On Inv Vk Tr Inv

Several hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its stake in Inv Vk Tr Inv by 23.7% during the second quarter. Guggenheim Capital LLC now owns 1,088,357 shares of the investment management company's stock worth $10,329,000 after acquiring an additional 208,225 shares in the last quarter. LPL Financial LLC boosted its stake in Inv Vk Tr Inv by 27.1% during the first quarter. LPL Financial LLC now owns 459,388 shares of the investment management company's stock worth $4,576,000 after acquiring an additional 97,916 shares in the last quarter. Bank of America Corp DE boosted its stake 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 acquiring an additional 95,282 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Inv Vk Tr Inv by 7.1% during the fourth quarter. Ameriprise Financial Inc. now owns 300,727 shares of the investment management company's stock worth $3,037,000 after acquiring an additional 20,054 shares in the last quarter. Finally, Leo Wealth LLC boosted its stake in Inv Vk Tr Inv by 33.5% during the second quarter. Leo Wealth LLC now owns 234,554 shares of the investment management company's stock worth $2,226,000 after acquiring an additional 58,796 shares in the last quarter. Institutional investors 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.