Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Up 124.8% in March

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 174,200 shares, a growth of 124.8% from the February 28th total of 77,500 shares. Based on an average daily volume of 171,600 shares, the short-interest ratio is presently 1.0 days.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of VGM opened at $9.90 on Friday. Invesco Trust for Investment Grade Municipals has a 12 month low of $9.47 and a 12 month high of $10.70. The company has a 50-day moving average price of $10.11 and a two-hundred day moving average price of $10.23.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.83%. The ex-dividend date is Wednesday, April 16th.

Institutional Trading of Invesco Trust for Investment Grade Municipals

A number of large investors have recently bought and sold shares of VGM. Stifel Financial Corp boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock valued at $1,766,000 after purchasing an additional 1,896 shares in the last quarter. HighTower Advisors LLC bought a new position in Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at about $429,000. Van ECK Associates Corp boosted its position in Invesco Trust for Investment Grade Municipals by 3.1% in 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 buying an additional 12,316 shares in the last quarter. Leo Wealth LLC grew its stake in Invesco Trust for Investment Grade Municipals by 1.6% during the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after buying an additional 3,527 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth approximately $150,000. 38.13% of the stock is currently owned by institutional investors.

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.