Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Up 30.6% in February

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 19,200 shares, a growth of 30.6% from the February 13th total of 14,700 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 77,600 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Trust for Investment Grade New York Municipals Stock Down 0.1 %

VTN stock traded down $0.02 during midday trading on Monday, hitting $10.39. The company’s stock had a trading volume of 26,878 shares, compared to its average volume of 61,569. The stock’s 50-day moving average price is $10.50 and its 200 day moving average price is $11.00. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $10.16 and a 1 year high of $11.68.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0685 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.82 annualized dividend and a yield of 7.92%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTN. Rivernorth Capital Management LLC boosted its position in Invesco Trust for Investment Grade New York Municipals by 21.4% in the third quarter. Rivernorth Capital Management LLC now owns 197,573 shares of the investment management company’s stock worth $2,278,000 after purchasing an additional 34,827 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after buying an additional 3,075 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at $112,000. Joseph P. Lucia & Associates LLC lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 131.3% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company’s stock valued at $273,000 after buying an additional 14,797 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of Invesco Trust for Investment Grade New York Municipals by 1,314.1% during the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock valued at $143,000 after buying an additional 12,655 shares during the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals 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.