Invesco Trust for Investment Grade Municipals (NYSE:VGM - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 32,900 shares, a drop of 63.6% from the April 30th total of 90,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 213,100 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Invesco Trust for Investment Grade Municipals
Several large investors have recently made changes to their positions in VGM. Jones Financial Companies Lllp bought a new position in Invesco Trust for Investment Grade Municipals in the first quarter valued at about $253,000. Advisors Asset Management Inc. boosted its holdings in Invesco Trust for Investment Grade Municipals by 40.8% in the first quarter. Advisors Asset Management Inc. now owns 208,615 shares of the investment management company's stock valued at $2,078,000 after acquiring an additional 60,405 shares during the last quarter. Calton & Associates Inc. bought a new position in Invesco Trust for Investment Grade Municipals in the first quarter valued at about $132,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in 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 valued at $478,000 after acquiring an additional 9,167 shares during the last quarter. Finally, Nuveen LLC bought a new position in Invesco Trust for Investment Grade Municipals in the first quarter valued at about $186,000. Institutional investors own 38.13% of the company's stock.
Invesco Trust for Investment Grade Municipals Price Performance
Shares of NYSE:VGM traded down $0.05 during trading on Monday, hitting $9.63. 104,059 shares of the stock were exchanged, compared to its average volume of 179,777. Invesco Trust for Investment Grade Municipals 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 $9.65 and its 200-day simple moving average is $9.97.
Invesco Trust for Investment Grade Municipals Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.05%. The ex-dividend date was Friday, May 16th.
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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