Invesco Trust for Investment Grade Municipals (NYSE:VGM) Sees Significant Drop in Short Interest

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 102,400 shares, a decrease of 33.2% from the October 31st total of 153,300 shares. Based on an average daily volume of 185,800 shares, the short-interest ratio is presently 0.6 days.

Invesco Trust for Investment Grade Municipals Trading Up 1.1 %

Shares of NYSE:VGM traded up $0.11 during trading hours on Friday, reaching $10.49. The stock had a trading volume of 94,117 shares, compared to its average volume of 159,178. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.40 and a 1 year high of $10.70. The firm’s 50 day moving average is $10.35 and its 200-day moving average is $10.29.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Comerica Bank grew its position in shares of Invesco Trust for Investment Grade Municipals by 661.9% in the 1st quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock valued at $39,000 after buying an additional 3,475 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at $107,000. Sovereign Financial Group Inc. purchased a new position in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter valued at $116,000. Almitas Capital LLC acquired a new stake in Invesco Trust for Investment Grade Municipals during the 2nd quarter worth $129,000. Finally, Dynamic Advisor Solutions LLC grew its position in Invesco Trust for Investment Grade Municipals by 16.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock worth $137,000 after purchasing an additional 1,800 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other 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.