Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Down 43.3% in February

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 75,900 shares, a decline of 43.3% from the January 31st total of 133,900 shares. Based on an average daily trading volume, of 176,600 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

A number of hedge funds and other institutional investors have recently made changes to their positions in VGM. Oppenheimer & Co. Inc. boosted its holdings in shares of Invesco Trust for Investment Grade Municipals by 37.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,167 shares of the investment management company’s stock worth $255,000 after buying an additional 6,542 shares during the last quarter. Claro Advisors LLC raised its stake in Invesco Trust for Investment Grade Municipals by 15.4% in the 3rd quarter. Claro Advisors LLC now owns 107,165 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 14,273 shares during the period. Pathstone Holdings LLC raised its stake in Invesco Trust for Investment Grade Municipals by 27.3% in the 3rd quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock valued at $8,071,000 after acquiring an additional 163,705 shares during the period. Avior Wealth Management LLC raised its stake in Invesco Trust for Investment Grade Municipals by 20.4% in the 3rd quarter. Avior Wealth Management LLC now owns 18,576 shares of the investment management company’s stock valued at $196,000 after acquiring an additional 3,152 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Invesco Trust for Investment Grade Municipals by 1.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 60,619 shares of the investment management company’s stock valued at $640,000 after acquiring an additional 1,030 shares during the period. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Price Performance

Shares of NYSE:VGM traded down $0.02 during midday trading on Monday, reaching $10.24. The company had a trading volume of 144,660 shares, compared to its average volume of 155,220. The company’s 50 day moving average price is $10.10 and its 200 day moving average price is $10.27. Invesco Trust for Investment Grade Municipals has a 52-week low of $9.47 and a 52-week high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date was Tuesday, February 18th.

Invesco Trust for Investment Grade Municipals Company Profile

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.