Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Update

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 184,700 shares, a growth of 475.4% from the November 30th total of 32,100 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is presently 2.2 days.

Invesco Trust for Investment Grade New York Municipals Price Performance

VTN stock remained flat at $10.54 during trading on Thursday. 118,736 shares of the company traded hands, compared to its average volume of 50,076. Invesco Trust for Investment Grade New York Municipals has a 12 month low of $10.15 and a 12 month high of $11.68. The stock’s 50-day moving average price is $11.20 and its two-hundred day moving average price is $11.30.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.0685 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 803,267 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.50, for a total transaction of $9,237,570.50. Following the transaction, the insider now owns 1,877,124 shares in the company, valued at approximately $21,586,926. This trade represents a 29.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Invesco Trust for Investment Grade New York Municipals

An institutional investor recently raised its position in Invesco Trust for Investment Grade New York Municipals stock. Rivernorth Capital Management LLC increased its position in shares of Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) by 24.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,747 shares of the investment management company’s stock after acquiring an additional 39,001 shares during the quarter. Rivernorth Capital Management LLC owned about 1.04% of Invesco Trust for Investment Grade New York Municipals worth $2,326,000 as of its most recent SEC filing. 34.87% of the stock is currently owned by institutional investors.

Invesco Trust for Investment Grade New York Municipals Company Profile

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.