Inv Vk Tr Inv (NYSE:VGM) Short Interest Update

Inv Vk Tr Inv (NYSE:VGM) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 435,171 shares, an increase of 77.8% from the June 30th total of 244,736 shares. Based on an average daily trading volume, of 134,592 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its stake in shares of Inv Vk Tr Inv by 27.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,247,281 shares of the investment management company’s stock worth $13,221,000 after purchasing an additional 269,066 shares during the period. Guggenheim Capital LLC increased its holdings in Inv Vk Tr Inv by 5.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,242,714 shares of the investment management company’s stock valued at $12,887,000 after purchasing an additional 58,922 shares during the last quarter. LPL Financial LLC lifted its stake in Inv Vk Tr Inv by 12.7% in the fourth quarter. LPL Financial LLC now owns 855,464 shares of the investment management company’s stock valued at $8,871,000 after buying an additional 96,570 shares during the period. UBS Group AG lifted its stake in Inv Vk Tr Inv by 2.8% in the fourth quarter. UBS Group AG now owns 568,689 shares of the investment management company’s stock valued at $5,897,000 after buying an additional 15,267 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Inv Vk Tr Inv by 14.3% during the third quarter. Bank of America Corp DE now owns 495,908 shares of the investment management company’s stock worth $5,019,000 after buying an additional 61,899 shares during the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Inv Vk Tr Inv Trading Down 0.6%

Shares of VGM traded down $0.06 on Friday, reaching $10.13. 178,004 shares of the company’s stock were exchanged, compared to its average volume of 187,341. The business has a 50 day moving average price of $10.33 and a two-hundred day moving average price of $10.30. Inv Vk Tr Inv has a 12 month low of $9.42 and a 12 month high of $10.66.

Inv Vk Tr Inv Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be issued a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, July 14th.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.