Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Down 61.5% in August

Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 16,200 shares, a decline of 61.5% from the July 31st total of 42,100 shares. Based on an average daily volume of 136,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co purchased a new position in Invesco Trust for Investment Grade Municipals during the first quarter worth about $29,000. Comerica Bank boosted its position in shares of Invesco Trust for Investment Grade Municipals by 661.9% in the first quarter. Comerica Bank now owns 4,000 shares of the investment management company’s stock worth $39,000 after acquiring an additional 3,475 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Invesco Trust for Investment Grade Municipals in the first quarter valued at approximately $56,000. SageView Advisory Group LLC acquired a new position in Invesco Trust for Investment Grade Municipals during the first quarter worth approximately $92,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Invesco Trust for Investment Grade Municipals during the second quarter worth approximately $107,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of VGM traded up $0.01 on Tuesday, hitting $10.39. 122,473 shares of the stock traded hands, compared to its average volume of 148,878. Invesco Trust for Investment Grade Municipals has a 1 year low of $8.15 and a 1 year high of $10.52. The stock’s 50 day moving average is $10.32 and its two-hundred day moving average is $10.00.

Invesco Trust for Investment Grade Municipals Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date is Friday, August 16th.

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.