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

Inv Vk Tr Inv (NYSE:VGM) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 435,171 shares, an increase of 77.8% from the June 30th total of 244,736 shares. Based on an average daily trading volume, of 134,592 shares, the short-interest ratio is currently 3.2 days. Approximately 0.8% of the shares of the company are sold short.

Inv Vk Tr Inv Trading Up 0.3%

Shares of NYSE:VGM traded up $0.04 during mid-day trading on Thursday, reaching $10.19. 156,643 shares of the company traded hands, compared to its average volume of 187,406. The company’s 50 day moving average price is $10.33 and its 200-day moving average price is $10.30. Inv Vk Tr Inv has a 52 week low of $9.42 and a 52 week high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, July 14th.

Institutional Trading of Inv Vk Tr Inv

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its position in shares of Inv Vk Tr Inv by 0.4% during the 4th quarter. Stifel Financial Corp now owns 245,207 shares of the investment management company’s stock valued at $2,543,000 after purchasing an additional 1,047 shares during the period. Compound Planning Inc. boosted its holdings in Inv Vk Tr Inv by 7.0% in the 1st quarter. Compound Planning Inc. now owns 17,974 shares of the investment management company’s stock worth $177,000 after buying an additional 1,178 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Inv Vk Tr Inv by 6.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,339 shares of the investment management company’s stock worth $273,000 after buying an additional 1,617 shares during the period. Cornerstone Wealth Management LLC increased its stake in Inv Vk Tr Inv by 13.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 17,165 shares of the investment management company’s stock worth $178,000 after buying an additional 2,076 shares in the last quarter. Finally, Comerica Bank increased its stake in Inv Vk Tr Inv by 85.2% in the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after buying an additional 2,470 shares in the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

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.