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 significant increase in short interest in February. As of February 15th, there was short interest totalling 14,700 shares, an increase 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 Price Performance

Shares of VTN stock traded down $0.08 during trading hours on Tuesday, hitting $10.61. 16,546 shares of the company’s stock were exchanged, compared to its average volume of 54,268. The stock’s 50-day moving average is $10.50 and its 200-day moving average is $11.05. Invesco Trust for Investment Grade New York Municipals has a 52 week low of $10.16 and a 52 week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The business also recently disclosed 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.

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

Institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC grew its stake in shares of Invesco Trust for Investment Grade New York Municipals by 3.9% during the fourth quarter. Guggenheim Capital LLC now owns 350,865 shares of the investment management company’s stock valued at $3,674,000 after purchasing an additional 13,277 shares during the last quarter. Bank of America Corp DE boosted its position in Invesco Trust for Investment Grade New York Municipals by 6.5% in the 4th quarter. Bank of America Corp DE now owns 250,348 shares of the investment management company’s stock valued at $2,621,000 after buying an additional 15,185 shares during the last quarter. Rivernorth Capital Management LLC boosted its position in Invesco Trust for Investment Grade New York Municipals by 24.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock valued at $2,326,000 after buying an additional 39,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock valued at $1,605,000 after buying an additional 3,075 shares during the period. Finally, Ashton Thomas Securities LLC raised its position in shares of Invesco Trust for Investment Grade New York Municipals by 145.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock worth $1,169,000 after acquiring an additional 66,200 shares during the last quarter. 34.87% of the stock is owned by institutional investors.

About Invesco Trust for Investment Grade New York Municipals

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.