Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Sees Large Decrease in Short Interest

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,200 shares, a drop of 52.0% from the December 15th total of 2,500 shares. Based on an average daily trading volume, of 25,800 shares, the short-interest ratio is currently 0.0 days.

VTN stock opened at $13.10 on Friday. The business’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $13.65. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $12.70 and a 1-year high of $14.17.

The firm also recently announced a monthly dividend, which will be paid on Monday, January 31st. Shareholders of record on Tuesday, January 18th will be issued a dividend of $0.0478 per share. The ex-dividend date is Friday, January 14th. This represents a $0.57 annualized dividend and a yield of 4.38%.

Hedge funds have recently bought and sold shares of the business. Herold Advisors Inc. bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the third quarter valued at about $70,000. Cohen & Steers Inc. bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the third quarter valued at about $142,000. Janney Montgomery Scott LLC bought a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the third quarter valued at about $180,000. Ackerman Capital Advisors LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the third quarter valued at about $241,000. Finally, Wells Fargo & Company MN increased its position in shares of Invesco Trust for Investment Grade New York Municipals by 166.3% in the second quarter. Wells Fargo & Company MN now owns 18,716 shares of the investment management company’s stock valued at $260,000 after acquiring an additional 11,688 shares during the last quarter. Hedge funds and other institutional investors own 10.11% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York Municipals operates as a non-diversified, closed-end investment company. It intends to provide common shareholders with current income exempt from federal as well as from New York State and New York City income taxes, consistent with preservation of capital.

Further Reading: What is the Book Value of a Share?

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