Inv Vk Tr Inv (NYSE:VGM) Shares Shorted: Short Interest Down 45.2% in September

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 158,864 shares, a decrease of 45.2% from the September 15th total of 290,094 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 473,751 shares, the days-to-cover ratio is currently 0.3 days.

Inv Vk Tr Inv Stock Performance

Shares of VGM stock traded up $0.09 on Friday, reaching $9.11. The company had a trading volume of 277,144 shares, compared to its average volume of 203,462. Inv Vk Tr Inv has a 12 month low of $8.39 and a 12 month high of $10.66. The company has a 50-day moving average of $9.67 and a 200-day moving average of $10.06.

Inv Vk Tr Inv Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be given a $0.0646 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.5%. This is an increase from Inv Vk Tr Inv’s previous monthly dividend of $0.0646.

Institutional Trading of Inv Vk Tr Inv

Several hedge funds have recently added to or reduced their stakes in the business. Private Client Services LLC acquired a new stake in shares of Inv Vk Tr Inv during the third quarter worth $100,000. NewEdge Advisors LLC boosted its position in Inv Vk Tr Inv by 96.2% during the second quarter. NewEdge Advisors LLC now owns 136,864 shares of the investment management company’s stock valued at $1,451,000 after purchasing an additional 67,094 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Inv Vk Tr Inv by 9.6% in the 2nd quarter. Baird Financial Group Inc. now owns 56,200 shares of the investment management company’s stock valued at $596,000 after buying an additional 4,935 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Inv Vk Tr Inv by 12.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,826 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Inv Vk Tr Inv during the second quarter worth about $127,000. Institutional investors and hedge funds own 38.13% of the company’s stock.

Inv Vk Tr Inv Company Profile

Inv Vk Tr Inv, traded on the New York Stock Exchange under the symbol VGM, is a closed-end investment fund focused on investment-grade municipal securities. Its primary objective is to provide current income that is generally exempt from regular U.S. federal income tax.

The fund invests primarily in bonds and other debt obligations issued by states, municipalities and related public entities. These securities may help finance public infrastructure and services such as schools, transportation systems, utilities and healthcare facilities.