Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Sees Significant Growth in Short Interest

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, an increase of 30.6% from the February 13th total of 14,700 shares. Based on an average daily trading volume, of 77,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of VTN traded up $0.06 during mid-day trading on Tuesday, reaching $10.52. 30,928 shares of the company were exchanged, compared to its average volume of 55,179. The business has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $10.99. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $10.16 and a 52 week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.0685 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.82%.

Institutional Investors Weigh In On Invesco Trust for Investment Grade New York Municipals

Institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC lifted its holdings in Invesco Trust for Investment Grade New York Municipals by 145.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock valued at $1,169,000 after buying an additional 66,200 shares during the period. CF Capital LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at about $541,000. Alpine Global Management LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth approximately $496,000. Rivernorth Capital Management LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 24.0% during the third quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock worth $2,326,000 after purchasing an additional 39,001 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Invesco Trust for Investment Grade New York Municipals in the fourth quarter worth approximately $204,000. 34.87% of the stock is owned by institutional investors.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York 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.