Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Decreases By 21.3%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 172,000 shares, a decrease of 21.3% from the December 15th total of 218,600 shares. Based on an average daily trading volume, of 197,900 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC increased its holdings in Invesco Trust for Investment Grade Municipals by 27.3% in the third quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock worth $8,071,000 after buying an additional 163,705 shares during the last quarter. Leo Wealth LLC grew its position in Invesco Trust for Investment Grade Municipals by 11.5% in the third quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock worth $2,303,000 after acquiring an additional 22,415 shares in the last quarter. Melone Private Wealth LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 1.6% during the 4th quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock worth $1,761,000 after purchasing an additional 2,684 shares during the last quarter. Indiana Trust & Investment Management Co raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock valued at $1,822,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Stifel Financial Corp lifted 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 during the last quarter. 38.13% of the stock is owned by institutional investors and hedge funds.

Invesco Trust for Investment Grade Municipals Stock Up 1.1 %

VGM stock traded up $0.11 during midday trading on Wednesday, reaching $10.05. The company had a trading volume of 127,674 shares, compared to its average volume of 128,459. The company has a 50 day moving average of $10.17 and a two-hundred day moving average of $10.32. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a dividend of $0.0646 per share. The ex-dividend date is Friday, January 17th. This represents a $0.78 dividend on an annualized basis and a yield of 7.71%.

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.