Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Up 77.6% in March

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,100 shares, a growth of 77.6% from the February 28th total of 19,200 shares. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Trust for Investment Grade New York Municipals Stock Up 0.0 %

NYSE:VTN traded up $0.01 during trading hours on Friday, hitting $10.43. 20,804 shares of the company were exchanged, compared to its average volume of 55,783. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $10.16 and a 52-week high of $11.68. The company’s 50 day moving average price is $10.54 and its 200-day moving average price is $10.94.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date is Wednesday, April 16th.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTN. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after purchasing an additional 3,075 shares during the period. Stifel Financial Corp boosted its position in Invesco Trust for Investment Grade New York Municipals by 19.4% in the fourth quarter. Stifel Financial Corp now owns 45,616 shares of the investment management company’s stock valued at $478,000 after buying an additional 7,418 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth approximately $112,000. PFG Investments LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth approximately $112,000. Finally, Walleye Capital LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter valued at approximately $115,000. Hedge funds and other 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.