Invesco Trust for Investment Grade Municipals (NYSE:VGM) Sees Significant Decline in Short Interest

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 75,900 shares, a decrease of 43.3% from the January 31st total of 133,900 shares. Based on an average trading volume of 176,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings 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 acquiring an additional 1,896 shares during the period. HighTower Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals during the 3rd quarter worth $429,000. Van ECK Associates Corp increased its stake in Invesco Trust for Investment Grade Municipals by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 406,392 shares of the investment management company’s stock valued at $4,105,000 after purchasing an additional 12,316 shares during the period. Leo Wealth LLC boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 1.6% during the fourth quarter. Leo Wealth LLC now owns 221,650 shares of the investment management company’s stock worth $2,239,000 after buying an additional 3,527 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $150,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Down 0.1 %

Shares of VGM stock opened at $10.24 on Tuesday. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70. The stock’s 50-day moving average is $10.10 and its two-hundred day moving average is $10.27.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.57%. The ex-dividend date was Tuesday, February 18th.

About Invesco Trust for Investment Grade Municipals

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.