Inv Vk Tr Inv (NYSE:VGM) Sees Large Decrease in Short Interest

Inv Vk Tr Inv (NYSE:VGMGet Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 273,156 shares, a drop of 37.2% from the July 15th total of 435,171 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 157,513 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Inv Vk Tr Inv

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Inv Vk Tr Inv in the third quarter valued at approximately $30,000. Comerica Bank lifted its position in Inv Vk Tr Inv by 85.2% in the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 2,470 shares in the last quarter. Allworth Financial LP boosted its stake in Inv Vk Tr Inv by 727.9% in the 4th quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock worth $59,000 after purchasing an additional 5,001 shares during the period. Fifth Third Bancorp bought a new position in Inv Vk Tr Inv during the 1st quarter worth about $81,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Inv Vk Tr Inv in the 4th quarter valued at about $103,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Tr Inv Price Performance

Shares of VGM traded up $0.04 during trading hours on Wednesday, reaching $10.36. The stock had a trading volume of 75,190 shares, compared to its average volume of 182,060. Inv Vk Tr Inv has a 52 week low of $9.48 and a 52 week high of $10.66. The firm has a 50-day moving average of $10.38 and a 200 day moving average of $10.29.

Inv Vk Tr Inv Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

About Inv Vk Tr Inv

(Get Free Report)

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.

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