Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Up 53.1% in February

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 14,700 shares, a growth of 53.1% from the January 31st total of 9,600 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Trust for Investment Grade New York Municipals Stock Down 0.8 %

Shares of NYSE:VTN traded down $0.08 during trading on Tuesday, hitting $10.61. 16,546 shares of the company’s stock were exchanged, compared to its average volume of 54,268. The firm has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $11.05. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $10.16 and a 1-year high of $11.68.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its position in shares of Invesco Trust for Investment Grade New York Municipals by 21.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 197,573 shares of the investment management company’s stock worth $2,278,000 after purchasing an additional 34,827 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the fourth quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company’s stock valued at $143,000 after buying an additional 12,655 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Invesco Trust for Investment Grade New York Municipals by 2.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock worth $1,605,000 after buying an additional 3,075 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth about $112,000. Finally, Joseph P. Lucia & Associates LLC grew its position in shares of Invesco Trust for Investment Grade New York Municipals by 131.3% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 26,064 shares of the investment management company’s stock worth $273,000 after buying an additional 14,797 shares during the period. Institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York 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.