Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Update

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 218,600 shares, an increase 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.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. bought a new stake in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter valued at $116,000. Almitas Capital LLC acquired a new stake in shares of Invesco Trust for Investment Grade Municipals during the second quarter worth $129,000. Dynamic Advisor Solutions LLC increased its holdings in Invesco Trust for Investment Grade Municipals by 16.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,950 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 1,800 shares during the last quarter. Kercheville Advisors LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 8.3% in the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock valued at $142,000 after buying an additional 1,027 shares during the period. Finally, Blue Bell Private Wealth Management LLC bought a new position in Invesco Trust for Investment Grade Municipals during the second quarter worth about $158,000. Institutional investors own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Trading Down 0.6 %

VGM traded down $0.06 during trading on Friday, hitting $9.82. The company’s stock had a trading volume of 606,587 shares, compared to its average volume of 162,328. The firm’s 50 day moving average price is $10.22 and its two-hundred day moving average price is $10.33. Invesco Trust for Investment Grade Municipals has a 12 month low of $9.47 and a 12 month high of $10.70.

Invesco Trust for Investment Grade Municipals Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0646 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.89%.

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.