Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Increases By 124.8%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 174,200 shares, an increase of 124.8% from the February 28th total of 77,500 shares. Based on an average daily volume of 171,600 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

A number of institutional investors and hedge funds have recently made changes to their positions in VGM. Robinson Capital Management LLC raised its position in Invesco Trust for Investment Grade Municipals by 44.5% in the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock valued at $13,957,000 after purchasing an additional 425,602 shares during the period. Pathstone Holdings LLC boosted its holdings in Invesco Trust for Investment Grade Municipals by 45.6% during the 4th quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company’s stock valued at $11,247,000 after acquiring an additional 348,153 shares during the period. LPL Financial LLC increased its stake in Invesco Trust for Investment Grade Municipals by 143.4% during the fourth quarter. LPL Financial LLC now owns 361,472 shares of the investment management company’s stock worth $3,651,000 after purchasing an additional 212,940 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco Trust for Investment Grade Municipals during the fourth quarter worth about $2,110,000. Finally, Guggenheim Capital LLC grew its holdings in shares of Invesco Trust for Investment Grade Municipals by 36.2% in the fourth quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company’s stock valued at $7,371,000 after purchasing an additional 193,954 shares in the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Trading Up 0.2 %

Shares of VGM stock traded up $0.02 on Friday, hitting $9.90. 121,144 shares of the stock traded hands, compared to its average volume of 155,930. The firm’s 50-day moving average price is $10.12 and its two-hundred day moving average price is $10.23. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.83%. The ex-dividend date is Wednesday, April 16th.

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.