Invesco Trust for Investment Grade Municipals (NYSE:VGM - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 32,900 shares, a decline of 63.6% from the April 30th total of 90,300 shares. Currently, 0.1% of the company's stock are sold short. Based on an average trading volume of 213,100 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Invesco Trust for Investment Grade Municipals
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the first quarter worth $253,000. Advisors Asset Management Inc. raised its holdings in Invesco Trust for Investment Grade Municipals by 40.8% during the 1st quarter. Advisors Asset Management Inc. now owns 208,615 shares of the investment management company's stock worth $2,078,000 after buying an additional 60,405 shares during the period. Calton & Associates Inc. purchased a new stake in Invesco Trust for Investment Grade Municipals during the first quarter valued at about $132,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 23.6% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 47,965 shares of the investment management company's stock worth $478,000 after buying an additional 9,167 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the first quarter worth about $186,000. 38.13% of the stock is owned by institutional investors and hedge funds.
Invesco Trust for Investment Grade Municipals Stock Performance
Shares of VGM stock traded down $0.07 on Tuesday, hitting $9.57. 346,420 shares of the stock traded hands, compared to its average volume of 182,395. The company's fifty day moving average is $9.65 and its 200 day moving average is $9.97. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.28 and a 1-year high of $10.70.
Invesco Trust for Investment Grade Municipals Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.10%. The ex-dividend date is Tuesday, June 17th.
About Invesco Trust for Investment Grade Municipals
(
Get Free Report)
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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