Inv Vk Tr Inv (NYSE:VGM) Sees Large Drop in Short Interest

Inv Vk Tr Inv (NYSE:VGM) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 127,016 shares, a decrease of 58.5% from the January 15th total of 306,138 shares. Based on an average trading volume of 258,875 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 258,875 shares, the days-to-cover ratio is currently 0.5 days.

Inv Vk Tr Inv Trading Down 0.0%

Shares of Inv Vk Tr Inv stock traded down $0.01 during trading hours on Friday, reaching $10.62. 156,647 shares of the stock traded hands, compared to its average volume of 214,975. Inv Vk Tr Inv has a one year low of $9.28 and a one year high of $10.66. The company has a 50 day moving average price of $10.36 and a 200 day moving average price of $10.10.

Inv Vk Tr Inv Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of Inv Vk Tr Inv during the 1st quarter valued at $253,000. Sequoia Financial Advisors LLC bought a new stake in Inv Vk Tr Inv during the second quarter valued at about $199,000. Harbour Investments Inc. grew its holdings in Inv Vk Tr Inv by 16.4% during the second quarter. Harbour Investments Inc. now owns 25,352 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 3,576 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Inv Vk Tr Inv by 5.9% during the second quarter. Stratos Wealth Partners LTD. now owns 102,400 shares of the investment management company’s stock valued at $972,000 after purchasing an additional 5,683 shares during the period. Finally, Burford Brothers Inc. purchased a new stake in Inv Vk Tr Inv in the second quarter worth about $262,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

Inv Vk Tr Inv Company Profile

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.