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 recipient of a large increase in short interest during 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 volume of 171,600 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Trust for Investment Grade Municipals Stock Up 0.2 %

VGM traded up $0.02 during trading on Friday, reaching $9.90. The company had a trading volume of 121,144 shares, compared to its average volume of 155,930. The business has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $10.23. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week 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 Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.0646 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.83%.

Hedge Funds Weigh In On Invesco Trust for Investment Grade Municipals

Large investors have recently made changes to their positions in the company. Robinson Capital Management LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 44.5% in the fourth quarter. Robinson Capital Management LLC now owns 1,381,874 shares of the investment management company’s stock worth $13,957,000 after purchasing an additional 425,602 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Invesco Trust for Investment Grade Municipals by 45.6% in the fourth quarter. Pathstone Holdings LLC now owns 1,112,444 shares of the investment management company’s stock worth $11,247,000 after buying an additional 348,153 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco Trust for Investment Grade Municipals by 143.4% during the 4th quarter. LPL Financial LLC now owns 361,472 shares of the investment management company’s stock worth $3,651,000 after acquiring an additional 212,940 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Trust for Investment Grade Municipals during the 4th quarter valued at $2,110,000. Finally, Guggenheim Capital LLC grew its position in Invesco Trust for Investment Grade Municipals by 36.2% in the 4th quarter. Guggenheim Capital LLC now owns 729,804 shares of the investment management company’s stock valued at $7,371,000 after acquiring an additional 193,954 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

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.