Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Grows By 52.2%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the target of a significant increase in short interest in the month of 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 trading volume of 192,100 shares, the short-interest ratio is presently 1.1 days.

Invesco Trust for Investment Grade Municipals Stock Up 2.0 %

Shares of NYSE VGM traded up $0.20 during trading on Monday, hitting $10.02. The company had a trading volume of 518,500 shares, compared to its average volume of 163,747. The stock has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.33. Invesco Trust for Investment Grade Municipals has a fifty-two week low of $9.47 and a fifty-two week high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0646 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.74%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VGM. Sovereign Financial Group Inc. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals in the 3rd quarter valued at $116,000. Almitas Capital LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the 2nd quarter valued at approximately $129,000. Dynamic Advisor Solutions LLC grew its stake in shares of 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 worth $137,000 after acquiring an additional 1,800 shares in the last quarter. Kercheville Advisors LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 8.3% during the third quarter. Kercheville Advisors LLC now owns 13,463 shares of the investment management company’s stock worth $142,000 after buying an additional 1,027 shares during the period. Finally, Blue Bell Private Wealth Management LLC purchased a new position in Invesco Trust for Investment Grade Municipals in the second quarter worth approximately $158,000. 38.13% of the stock is currently owned by institutional investors and hedge funds.

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.