Inv Vk Tr Inv (NYSE:VGM) Sees Significant Decline in Short Interest

Inv Vk Tr Inv (NYSE:VGM) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 158,864 shares, a decrease of 45.2% from the September 15th total of 290,094 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 473,751 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Inv Vk Tr Inv

Several large investors have recently added to or reduced their stakes in VGM. Fifth Third Bancorp bought a new stake in Inv Vk Tr Inv in the first quarter valued at $81,000. Private Client Services LLC acquired a new position in shares of Inv Vk Tr Inv during the third quarter valued at $100,000. Quadcap Wealth Management LLC acquired a new position in shares of Inv Vk Tr Inv during the first quarter valued at $121,000. Clark Asset Management LLC bought a new position in shares of Inv Vk Tr Inv during the second quarter worth about $123,000. Finally, Susquehanna International Group LLP bought a new position in shares of Inv Vk Tr Inv during the second quarter worth about $127,000. 38.13% of the stock is owned by institutional investors and hedge funds.

Inv Vk Tr Inv Stock Performance

VGM traded up $0.13 during trading hours on Thursday, hitting $8.98. 101,055 shares of the stock were exchanged, compared to its average volume of 202,747. The stock has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $10.07. Inv Vk Tr Inv has a 12 month low of $8.39 and a 12 month high of $10.66.

Inv Vk Tr Inv Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Wednesday, October 14th. This is an increase from Inv Vk Tr Inv’s previous monthly dividend of $0.0646.

About Inv Vk Tr Inv

Inv Vk Tr Inv, traded on the New York Stock Exchange under the symbol VGM, is a closed-end investment fund focused on investment-grade municipal securities. Its primary objective is to provide current income that is generally exempt from regular U.S. federal income tax.

The fund invests primarily in bonds and other debt obligations issued by states, municipalities and related public entities. These securities may help finance public infrastructure and services such as schools, transportation systems, utilities and healthcare facilities.