Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Update

Invesco Trust for Investment Grade Municipals (NYSE:VGM - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,900 shares, a drop of 89.9% from the March 15th total of 28,800 shares. Based on an average daily volume of 21,300 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Trust for Investment Grade Municipals Price Performance

Shares of NYSE VGM traded down $0.12 during mid-day trading on Wednesday, hitting $9.53. 112,851 shares of the company were exchanged, compared to its average volume of 171,485. The stock has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $9.43. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.15 and a 1-year high of $10.06.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.0388 per share. This represents a $0.47 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, April 15th.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 8.0% during the fourth quarter. Kestra Advisory Services LLC now owns 15,013 shares of the investment management company's stock worth $148,000 after purchasing an additional 1,110 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 11.3% during the first quarter. Cetera Investment Advisers now owns 11,270 shares of the investment management company's stock worth $112,000 after purchasing an additional 1,148 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 0.6% during the second quarter. Osaic Holdings Inc. now owns 192,443 shares of the investment management company's stock worth $1,869,000 after purchasing an additional 1,200 shares during the period. First Trust Advisors LP lifted its holdings in Invesco Trust for Investment Grade Municipals by 1.6% in the first quarter. First Trust Advisors LP now owns 113,085 shares of the investment management company's stock valued at $1,314,000 after acquiring an additional 1,770 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Invesco Trust for Investment Grade Municipals by 0.8% in the fourth quarter. Royal Bank of Canada now owns 243,403 shares of the investment management company's stock valued at $2,407,000 after acquiring an additional 1,871 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

About Invesco Trust for Investment Grade Municipals

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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