Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Up 124.8% in March

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 174,200 shares, an increase of 124.8% from the February 28th total of 77,500 shares. Based on an average daily trading volume, of 171,600 shares, the short-interest ratio is currently 1.0 days.

Invesco Trust for Investment Grade Municipals Stock Up 0.2 %

NYSE:VGM traded up $0.02 during mid-day trading on Friday, reaching $9.90. The company’s stock had a trading volume of 121,144 shares, compared to its average volume of 155,930. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70. The stock has a fifty day moving average of $10.11 and a 200-day moving average of $10.23.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.0646 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.83%.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in Invesco Trust for Investment Grade Municipals by 1.7% in the third quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock worth $640,000 after buying an additional 1,030 shares in the last quarter. Bank of Montreal Can raised its position in shares of Invesco Trust for Investment Grade Municipals by 4.0% in the 4th quarter. Bank of Montreal Can now owns 39,005 shares of the investment management company’s stock worth $394,000 after acquiring an additional 1,504 shares in the last quarter. Stifel Financial Corp raised its position in shares of Invesco Trust for Investment Grade Municipals by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after acquiring an additional 1,896 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 3.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 56,861 shares of the investment management company’s stock worth $574,000 after purchasing an additional 2,126 shares during the last quarter. Finally, Melone Private Wealth LLC boosted its position in Invesco Trust for Investment Grade Municipals by 1.6% during the fourth quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock valued at $1,761,000 after purchasing an additional 2,684 shares in the last quarter. 38.13% of the stock is currently owned by institutional investors.

About Invesco Trust for Investment Grade Municipals

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.