Inv Vk Tr Inv (NYSE:VGM) Short Interest Down 26.1% in August

Key Points

• Short Interest Decrease: INV VK TR INV experienced a significant reduction in short interest, dropping by 26.1% from 158,000 shares in July to 116,800 shares in August.
• Monthly Dividend Announcement: The firm declared a monthly dividend of $0.0646 per share, scheduled for payment on September 30th, with a dividend yield of 7.9%.
• Institutional Investors Activity: Several institutional investors, including Ameriprise Financial and Bank of America, have increased their stakes in INV VK TR INV, with ownership by institutional investors now at 38.13%.

Inv Vk Tr Inv (NYSE:VGM - Get Free Report) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 116,800 shares, a decline of 26.1% from the July 31st total of 158,000 shares. Based on an average daily trading volume, of 281,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 281,800 shares, the days-to-cover ratio is currently 0.4 days.

Inv Vk Tr Inv Stock Up 0.3%

Shares of NYSE VGM traded up $0.04 during mid-day trading on Friday, hitting $10.05. The stock had a trading volume of 224,312 shares, compared to its average volume of 253,483. Inv Vk Tr Inv has a 1 year low of $9.28 and a 1 year high of $10.70. The business has a 50 day moving average price of $9.59 and a two-hundred day moving average price of $9.67.

Inv Vk Tr Inv Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC increased its position in Inv Vk Tr Inv by 5.3% during the 2nd quarter. Riverbridge Partners LLC now owns 21,707 shares of the investment management company's stock valued at $206,000 after purchasing an additional 1,087 shares during the period. Melone Private Wealth LLC increased its position in Inv Vk Tr Inv by 1.0% during the 1st quarter. Melone Private Wealth LLC now owns 176,109 shares of the investment management company's stock valued at $1,754,000 after purchasing an additional 1,776 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Inv Vk Tr Inv by 6.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,548 shares of the investment management company's stock valued at $324,000 after purchasing an additional 2,059 shares during the period. Invesco Ltd. increased its position in Inv Vk Tr Inv by 1.5% during the 1st quarter. Invesco Ltd. now owns 143,096 shares of the investment management company's stock valued at $1,425,000 after purchasing an additional 2,174 shares during the period. Finally, Sovereign Financial Group Inc. increased its position in Inv Vk Tr Inv by 8.9% during the 2nd quarter. Sovereign Financial Group Inc. now owns 30,430 shares of the investment management company's stock valued at $289,000 after purchasing an additional 2,481 shares during the period. 38.13% of the stock is owned by hedge funds and other institutional investors.

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.