Inv Vk Invt Ny (NYSE:VTN) Sees Large Increase in Short Interest

Key Points

• Short interest increased 49.4% to 72,703 shares as of August 14, up from 48,655 shares on July 30. Short interest represents 0.5% of VTN’s outstanding stock, with a short-interest ratio of 3.2 days.
• Institutional ownership stands at 34.87%, with firms including Susquehanna International Group, LPL Financial, Bank of America, and Royal Bank of Canada increasing their positions.
• VTN shares fell 1.1% to $10.60, while the fund announced a monthly dividend of $0.0685 per share, equivalent to an indicated 7.8% dividend yield.

Inv Vk Invt Ny (NYSE:VTN - ) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 72,703 shares, a growth of 49.4% from the July 30th total of 48,655 shares. Based on an average daily volume of 22,996 shares, the short-interest ratio is currently 3.2 days. Currently, 0.5% of the company's stock are sold short.

Hedge Funds Weigh In On Inv Vk Invt Ny

Institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP increased its position in shares of Inv Vk Invt Ny by 17.6% during the third quarter. Susquehanna International Group LLP now owns 12,425 shares of the investment management company's stock valued at $137,000 after acquiring an additional 1,861 shares during the last quarter. LPL Financial LLC boosted its position in Inv Vk Invt Ny by 20.0% in the fourth quarter. LPL Financial LLC now owns 40,266 shares of the investment management company's stock worth $463,000 after purchasing an additional 6,699 shares during the last quarter. Bank of America Corp DE grew its stake in Inv Vk Invt Ny by 6.8% in the 2nd quarter. Bank of America Corp DE now owns 112,148 shares of the investment management company's stock valued at $1,171,000 after purchasing an additional 7,184 shares during the period. Royal Bank of Canada grew its stake in Inv Vk Invt Ny by 7.5% in the 4th quarter. Royal Bank of Canada now owns 170,015 shares of the investment management company's stock valued at $1,957,000 after purchasing an additional 11,900 shares during the period. Finally, &PARTNERS purchased a new stake in shares of Inv Vk Invt Ny during the 4th quarter valued at $147,000. 34.87% of the stock is owned by institutional investors.

Inv Vk Invt Ny Trading Down 1.1%

VTN stock traded down $0.12 during trading on Tuesday, reaching $10.60. The stock had a trading volume of 36,515 shares, compared to its average volume of 28,336. Inv Vk Invt Ny has a one year low of $10.08 and a one year high of $12.10. The company's 50 day moving average is $11.18 and its two-hundred day moving average is $11.21.

Inv Vk Invt Ny Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.0685 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Monday, August 17th.

About Inv Vk Invt Ny

Invesco Trust for Investment Grade New York 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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source