Inv Vk Invt Ny (NYSE:VTN) Sees Large Decrease in Short Interest

Inv Vk Invt Ny (NYSE:VTN – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 22,624 shares, a drop of 46.0% from the September 15th total of 41,881 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 66,360 shares, the days-to-cover ratio is currently 0.3 days.

Inv Vk Invt Ny Stock Performance

Shares of VTN traded down $0.08 on Wednesday, reaching $9.25. 7,928 shares of the company’s stock traded hands, compared to its average volume of 34,123. The stock’s 50 day simple moving average is $10.25 and its two-hundred day simple moving average is $10.84. Inv Vk Invt Ny has a 52-week low of $8.99 and a 52-week high of $12.10.

Inv Vk Invt Ny Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a $0.0685 dividend. This is a boost from Inv Vk Invt Ny’s previous monthly dividend of $0.0685. The ex-dividend date is Wednesday, October 14th. This represents a $0.82 dividend on an annualized basis and a yield of 8.9%.

Institutional Investors Weigh In On Inv Vk Invt Ny

A hedge fund recently bought a new stake in Inv Vk Invt Ny stock. Integrated Wealth Concepts LLC bought a new position in shares of Inv Vk Invt Ny (NYSE:VTN – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 4,200 shares of the investment management company’s stock, valued at approximately $49,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

About Inv Vk Invt Ny

(Get Free Report)

Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes.

The fund invests primarily in investment-grade municipal securities issued by or on behalf of governmental entities in New York. Its portfolio may include bonds financing public infrastructure and other essential services, with the fund’s investment strategy focused on generating tax-advantaged income rather than operating a commercial business.

VTN is managed by investment professionals affiliated with Invesco, a global asset-management firm.

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