Short Interest in Inv Vk Invt Ny (NYSE:VTN) Drops By 30.3%

Inv Vk Invt Ny (NYSE:VTN) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 141,926 shares, a decline of 30.3% from the December 15th total of 203,710 shares. Based on an average daily trading volume, of 63,315 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 63,315 shares, the short-interest ratio is currently 2.2 days.

Inv Vk Invt Ny Trading Up 0.1%

Inv Vk Invt Ny stock traded up $0.01 during midday trading on Friday, hitting $11.62. The stock had a trading volume of 18,302 shares, compared to its average volume of 38,058. Inv Vk Invt Ny has a 52-week low of $9.49 and a 52-week high of $11.86. The firm’s fifty day moving average is $11.46 and its two-hundred day moving average is $10.91.

Inv Vk Invt Ny Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.0685 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its holdings in Inv Vk Invt Ny by 17.9% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 12,274 shares of the investment management company’s stock worth $128,000 after buying an additional 1,860 shares during the period. Susquehanna International Group LLP raised its holdings in Inv Vk Invt Ny by 17.6% during the third quarter. Susquehanna International Group LLP now owns 12,425 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 1,861 shares during the period. Aventura Private Wealth LLC purchased a new position in shares of Inv Vk Invt Ny in the fourth quarter valued at about $46,000. Bank of America Corp DE boosted its stake in shares of Inv Vk Invt Ny by 6.8% in the second quarter. Bank of America Corp DE now owns 112,148 shares of the investment management company’s stock worth $1,171,000 after acquiring an additional 7,184 shares during the period. Finally, Fingerlakes Wealth Management Inc. bought a new position in shares of Inv Vk Invt Ny in the third quarter worth about $111,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Inv Vk Invt Ny 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. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.