Short Interest in Inv Vk Tr Inv (NYSE:VGM) Expands By 19.6%

Inv Vk Tr Inv (NYSE:VGM) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 151,848 shares, a growth of 19.6% from the January 29th total of 127,016 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 186,739 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 186,739 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Inv Vk Tr Inv Stock Performance

Shares of VGM stock traded down $0.08 during trading hours on Wednesday, reaching $10.42. The company had a trading volume of 147,615 shares, compared to its average volume of 202,319. The business has a fifty day moving average price of $10.41 and a 200-day moving average price of $10.18. Inv Vk Tr Inv has a one year low of $9.28 and a one year high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.0646 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Hedge Funds Weigh In On Inv Vk Tr Inv

A number of institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its position in Inv Vk Tr Inv by 0.4% during the fourth quarter. Stifel Financial Corp now owns 245,207 shares of the investment management company’s stock valued at $2,543,000 after acquiring an additional 1,047 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Inv Vk Tr Inv by 4.4% during the 3rd quarter. Prospera Financial Services Inc now owns 29,606 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 1,250 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Inv Vk Tr Inv by 11.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 14,555 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 1,500 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Inv Vk Tr Inv by 6.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,339 shares of the investment management company’s stock valued at $273,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its stake in shares of Inv Vk Tr Inv by 3.0% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 63,048 shares of the investment management company’s stock worth $638,000 after purchasing an additional 1,830 shares during the period. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

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.