Invesco Trust for Investment Grade Municipals (NYSE:VGM) Sees Large Growth in Short Interest

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 218,600 shares, a growth of 52.2% from the November 30th total of 143,600 shares. Based on an average daily trading volume, of 192,100 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of Invesco Trust for Investment Grade Municipals by 80.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 445,360 shares of the investment management company’s stock valued at $4,574,000 after buying an additional 198,972 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 27.3% during the 3rd quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock worth $8,071,000 after purchasing an additional 163,705 shares during the period. Rothschild Investment LLC purchased a new position in shares of Invesco Trust for Investment Grade Municipals during the 2nd quarter worth $1,297,000. HighTower Advisors LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the third quarter worth $429,000. Finally, Quarry LP purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the second quarter valued at $327,000. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of NYSE VGM traded up $0.20 during trading on Monday, reaching $10.02. The company had a trading volume of 518,500 shares, compared to its average volume of 163,747. Invesco Trust for Investment Grade Municipals has a twelve month low of $9.47 and a twelve month high of $10.70. The stock has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $10.33.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.0646 dividend. This represents a $0.78 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Tuesday, December 17th.

Invesco Trust for Investment Grade Municipals Company Profile

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.