Invesco Trust for Investment Grade New York Municipals (VTN) Short Interest Ratio & Short Volume

Short interest is the volume of Invesco Trust for Investment Grade New York Municipals shares that have been sold short but have not yet been covered or closed out. As of February 15th, investors have sold 72,800 shares of VTN short. Learn More on Invesco Trust for Investment Grade New York Municipals' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. VTN shares currently have a short interest ratio of 1.0. Learn More on Invesco Trust for Investment Grade New York Municipals's short interest ratio.

Invesco Trust for Investment Grade New York Municipals saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 72,800 shares, an increase of 24.9% from the previous total of 58,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Invesco Trust for Investment Grade New York Municipals: Templeton Dragon Fund, Inc. (0.01%), BlackRock Investment Quality Municipal Trust Inc. (0.73%), Oxford Square Capital Corp. (0.24%), Nuveen Virginia Quality Municipal Income Fund (0.05%), TCW Strategic Income Fund, Inc. (0.16%), BlackRock MuniVest Fund II, Inc. (0.02%), BlackRock MuniYield Quality Fund II, Inc. (0.02%), Templeton Emerging Markets Fund (0.06%), Sprott Focus Trust, Inc. (0.02%), Invesco Bond Fund (0.09%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Super Micro Computer, Inc. ($5.32 billion), T-Mobile US, Inc. ($4.38 billion), General Motors ($3.76 billion), Occidental Petroleum Co. ($3.08 billion), Charter Communications, Inc. ($2.65 billion), Coinbase Global, Inc. ($2.62 billion), Tractor Supply ($2.52 billion), Moderna, Inc. ($2.19 billion), Rivian Automotive, Inc. ($1.84 billion), and Royal Caribbean Cruises Ltd. ($1.78 billion). View all of the most shorted stocks.

Short selling VTN is an investing strategy that aims to generate trading profit from Invesco Trust for Investment Grade New York Municipals as its price is falling. VTN shares are trading down $0.12 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Invesco Trust for Investment Grade New York Municipals occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of VTN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including VTN, twice per month. The most recent reporting period available is February, 15 2024.