Invesco Trust for Investment Grade Municipals (NYSE:VGM) Sees Significant Drop in Short Interest

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 102,400 shares, a drop of 33.2% from the October 31st total of 153,300 shares. Based on an average trading volume of 185,800 shares, the short-interest ratio is presently 0.6 days.

Invesco Trust for Investment Grade Municipals Trading Up 1.1 %

Shares of NYSE:VGM traded up $0.11 on Friday, hitting $10.49. 94,117 shares of the company were exchanged, compared to its average volume of 159,178. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.40 and a 1-year high of $10.70. The stock’s 50 day moving average price is $10.35 and its 200 day moving average price is $10.29.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0646 per share. The ex-dividend date is Friday, November 15th. This represents a $0.78 dividend on an annualized basis and a yield of 7.39%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in shares of Invesco Trust for Investment Grade Municipals by 661.9% during the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after purchasing an additional 3,475 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at about $107,000. Sovereign Financial Group Inc. acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter worth approximately $116,000. Almitas Capital LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter worth approximately $129,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 16.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after acquiring an additional 1,800 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Company Profile

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.