Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Sees Significant Increase in Short Interest

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 34,100 shares, a growth of 77.6% from the February 28th total of 19,200 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

A number of large investors have recently bought and sold shares of VTN. Ashton Thomas Securities LLC lifted its holdings in Invesco Trust for Investment Grade New York Municipals by 145.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 111,700 shares of the investment management company’s stock valued at $1,169,000 after purchasing an additional 66,200 shares in the last quarter. CF Capital LLC purchased a new position in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at about $541,000. Alpine Global Management LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter worth about $496,000. Rivernorth Capital Management LLC increased its stake in Invesco Trust for Investment Grade New York Municipals by 24.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 201,747 shares of the investment management company’s stock worth $2,326,000 after buying an additional 39,001 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Up 0.0 %

VTN opened at $10.43 on Monday. The company has a fifty day moving average of $10.54 and a two-hundred day moving average of $10.94. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $10.16 and a fifty-two week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.0685 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.82 annualized dividend and a dividend yield of 7.88%.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York 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.