Inv Vk Tr Inv (NYSE:VGM) Sees Significant Decline in Short Interest

Inv Vk Tr Inv (NYSE:VGM) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 72,103 shares, a decrease of 40.5% from the April 15th total of 121,193 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 153,618 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Inv Vk Tr Inv

A number of hedge funds have recently modified their holdings of VGM. Hennion & Walsh Asset Management Inc. grew its position in Inv Vk Tr Inv by 1,650.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 498,772 shares of the investment management company’s stock valued at $5,172,000 after buying an additional 470,277 shares during the last quarter. Leo Wealth LLC raised its stake in shares of Inv Vk Tr Inv by 43.6% during the 4th quarter. Leo Wealth LLC now owns 261,050 shares of the investment management company’s stock worth $2,707,000 after buying an additional 79,256 shares during the last quarter. N.E.W. Advisory Services LLC raised its stake in shares of Inv Vk Tr Inv by 150.0% during the 4th quarter. N.E.W. Advisory Services LLC now owns 124,460 shares of the investment management company’s stock worth $1,291,000 after buying an additional 74,675 shares during the last quarter. Stifel Financial Corp increased its position in Inv Vk Tr Inv by 0.4% during the 4th quarter. Stifel Financial Corp now owns 245,207 shares of the investment management company’s stock worth $2,543,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Inv Vk Tr Inv by 6.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,339 shares of the investment management company’s stock worth $273,000 after purchasing an additional 1,617 shares in the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Tr Inv Stock Performance

Inv Vk Tr Inv stock traded down $0.03 during mid-day trading on Monday, hitting $10.05. The company had a trading volume of 219,218 shares, compared to its average volume of 170,271. Inv Vk Tr Inv has a 1 year low of $9.37 and a 1 year high of $10.66. The business has a fifty day moving average of $10.18 and a 200 day moving average of $10.28.

Inv Vk Tr Inv Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.0646 per share. The ex-dividend date is Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

About Inv Vk Tr Inv

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.