INV VK TR INV (NYSE:VGM) Short Interest Update

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 - ) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 116,800 shares, adecreaseof26.1% from the July 31st total of 158,000 shares. Based on an average daily trading volume, of 281,800 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 281,800 shares, the short-interest ratio is presently 0.4 days.

INV VK TR INV Trading Up 1.4%

VGM traded up $0.14 during trading hours on Monday, hitting $9.85. The stock had a trading volume of 280,892 shares, compared to its average volume of 245,757. INV VK TR INV has a 1 year low of $9.28 and a 1 year high of $10.70. The company's fifty day simple moving average is $9.56 and its 200 day simple moving average is $9.67.

INV VK TR INV Dividend Announcement

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VGM. Ameriprise Financial Inc. lifted its position in shares of 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. Bank of America Corp DE boosted its stake in INV VK TR INV by 57.4% in the 4th quarter. Bank of America Corp DE now owns 329,178 shares of the investment management company's stock worth $3,325,000 after purchasing an additional 120,024 shares during the period. Cetera Investment Advisers grew its holdings in INV VK TR INV by 24.4% during the 4th quarter. Cetera Investment Advisers now owns 21,177 shares of the investment management company's stock valued at $214,000 after buying an additional 4,154 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of INV VK TR INV by 159.5% during the fourth quarter. Nuveen Asset Management LLC now owns 35,973 shares of the investment management company's stock valued at $363,000 after buying an additional 22,109 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of INV VK TR INV in the fourth quarter worth about $141,000. 38.13% of the stock is owned by 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.

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