Short Interest in Inv Vk Tr Inv (NYSE:VGM) Increases By 405.9%

Inv Vk Tr Inv (NYSE:VGM) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 364,747 shares, an increase of 405.9% from the April 30th total of 72,103 shares. Based on an average daily volume of 171,946 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.7% of the company’s stock are short sold.

Inv Vk Tr Inv Price Performance

NYSE:VGM traded up $0.03 during trading hours on Thursday, hitting $10.25. 99,161 shares of the stock traded hands, compared to its average volume of 185,963. The firm has a 50 day moving average price of $10.13 and a 200 day moving average price of $10.27. Inv Vk Tr Inv has a fifty-two week low of $9.37 and a fifty-two week high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.0646 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, May 14th.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp grew its holdings 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 acquiring an additional 1,047 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Inv Vk Tr Inv by 7.0% during the 1st quarter. Compound Planning Inc. now owns 17,974 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 1,178 shares in the last quarter. Prospera Financial Services Inc grew its holdings 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 acquiring an additional 1,250 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 acquiring an additional 1,617 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of Inv Vk Tr Inv by 3.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 63,048 shares of the investment management company’s stock valued at $638,000 after acquiring an additional 1,830 shares in the last quarter. 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.