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

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the target of a large increase in short interest in 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 trading volume, of 171,600 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Trust for Investment Grade Municipals Stock Up 0.2 %

VGM stock traded up $0.02 during trading on Friday, hitting $9.90. 121,144 shares of the company traded hands, compared to its average volume of 155,930. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70. The stock’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.23.

Invesco Trust for Investment Grade Municipals Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new position in Invesco Trust for Investment Grade Municipals in the 4th quarter worth about $71,000. Anderson Financial Strategies LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 4th quarter valued at approximately $128,000. Capital Investment Advisors LLC acquired a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter valued at $134,000. Nomura Holdings Inc. acquired a new stake in Invesco Trust for Investment Grade Municipals in the 4th quarter valued at $141,000. Finally, Janney Montgomery Scott LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the fourth quarter worth $150,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

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.