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

Inv Vk Tr Inv (NYSE:VGM) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 72,103 shares, a decline of 40.5% from the April 15th total of 121,193 shares. Based on an average daily volume of 153,618 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Inv Vk Tr Inv Stock Down 0.3%

Shares of NYSE:VGM traded down $0.03 during trading on Monday, reaching $10.05. 219,218 shares of the stock were exchanged, compared to its average volume of 170,271. Inv Vk Tr Inv has a 12-month low of $9.37 and a 12-month high of $10.66. The firm’s 50-day moving average price is $10.18 and its 200 day moving average price is $10.28.

Inv Vk Tr Inv Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. 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 made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Inv Vk Tr Inv by 6.4% during the 1st quarter. Royal Bank of Canada now owns 366,523 shares of the investment management company’s stock valued at $3,618,000 after buying an additional 22,208 shares during the last quarter. Quadcap Wealth Management LLC acquired a new stake in shares of Inv Vk Tr Inv during the 1st quarter valued at approximately $121,000. Compound Planning Inc. increased its position in Inv Vk Tr Inv by 7.0% in the first 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. Cetera Investment Advisers increased its position in Inv Vk Tr Inv by 46.0% in the first quarter. Cetera Investment Advisers now owns 187,141 shares of the investment management company’s stock worth $1,847,000 after buying an additional 58,961 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Inv Vk Tr Inv in the first quarter worth $81,000. 38.13% of the stock is currently 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.