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

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 127,016 shares, a decline of 58.5% from the January 15th total of 306,138 shares. Based on an average daily volume of 258,875 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 258,875 shares, the short-interest ratio is currently 0.5 days.

Inv Vk Tr Inv Price Performance

Shares of Inv Vk Tr Inv stock traded up $0.04 during trading on Thursday, reaching $10.62. 128,568 shares of the company’s stock were exchanged, compared to its average volume of 224,304. Inv Vk Tr Inv has a 1-year low of $9.28 and a 1-year high of $10.62. The firm’s 50-day moving average price is $10.36 and its 200 day moving average price is $10.09.

Inv Vk Tr Inv Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.0646 per share. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VGM. Gridiron Partners LLC increased its holdings in Inv Vk Tr Inv by 1,048.6% in the third quarter. Gridiron Partners LLC now owns 1,722,730 shares of the investment management company’s stock worth $17,434,000 after purchasing an additional 1,572,747 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Inv Vk Tr Inv by 1,650.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 498,772 shares of the investment management company’s stock worth $5,172,000 after buying an additional 470,277 shares during the period. Guggenheim Capital LLC increased its stake in shares of Inv Vk Tr Inv by 23.7% in the 2nd quarter. Guggenheim Capital LLC now owns 1,088,357 shares of the investment management company’s stock valued at $10,329,000 after acquiring an additional 208,225 shares in the last quarter. LPL Financial LLC lifted its position in shares of Inv Vk Tr Inv by 12.7% during the 4th quarter. LPL Financial LLC now owns 855,464 shares of the investment management company’s stock valued at $8,871,000 after acquiring an additional 96,570 shares during the period. Finally, Bank of America Corp DE boosted its stake in Inv Vk Tr Inv by 28.1% during the second quarter. Bank of America Corp DE now owns 434,009 shares of the investment management company’s stock worth $4,119,000 after acquiring an additional 95,282 shares in the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

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.