Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Increases By 610.9%

Invesco Trust for Investment Grade Municipals (NYSE:VGM - Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 233,900 shares, a growth of 610.9% from the May 15th total of 32,900 shares. Based on an average daily volume of 250,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.

Invesco Trust for Investment Grade Municipals Stock Up 0.1%

Shares of NYSE VGM traded up $0.01 during midday trading on Thursday, reaching $9.51. 286,412 shares of the stock traded hands, compared to its average volume of 210,218. The company's 50 day moving average is $9.59 and its 200 day moving average is $9.94. Invesco Trust for Investment Grade Municipals has a one year low of $9.28 and a one year high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

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 issued a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.78 dividend on an annualized basis and a yield of 8.15%.

Institutional Trading of Invesco Trust for Investment Grade Municipals

A number of large investors have recently modified their holdings of VGM. Robinson Capital Management LLC increased its holdings in Invesco Trust for Investment Grade Municipals by 44.5% during the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company's stock valued at $13,957,000 after buying an additional 425,602 shares during the period. Pathstone Holdings LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 45.6% in the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company's stock worth $11,247,000 after acquiring an additional 348,153 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 36.2% during the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company's stock worth $7,371,000 after purchasing an additional 193,954 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 27.1% during the 1st quarter. LPL Financial LLC now owns 459,388 shares of the investment management company's stock worth $4,576,000 after purchasing an additional 97,916 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Invesco Trust for Investment Grade Municipals by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company's stock valued at $4,105,000 after purchasing an additional 12,316 shares in the last quarter. Hedge funds and other institutional investors own 38.13% of the company's stock.

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.