Inv Vk Invt Ny (NYSE:VTN) Stock Short Interest Rises 277.2%

Inv Vk Invt Ny (NYSE:VTN) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 79,354 shares, a growth of 277.2% from the October 15th total of 21,040 shares. Based on an average daily volume of 98,901 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Inv Vk Invt Ny Stock Performance

Inv Vk Invt Ny stock traded down $0.15 during midday trading on Thursday, hitting $10.11. 50,041 shares of the company were exchanged, compared to its average volume of 38,578. The company’s fifty day moving average price is $9.80 and its 200-day moving average price is $10.87. Inv Vk Invt Ny has a fifty-two week low of $8.99 and a fifty-two week high of $12.10.

Inv Vk Invt Ny Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Monday, November 16th. This is a decrease from Inv Vk Invt Ny’s previous monthly dividend of $0.0685.

Institutional Trading of Inv Vk Invt Ny

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in shares of Inv Vk Invt Ny by 30.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,831 shares of the investment management company’s stock worth $129,000 after purchasing an additional 3,209 shares during the last quarter. Avestar Capital LLC acquired a new stake in Inv Vk Invt Ny in the third quarter worth $111,000. Ackerman Capital Advisors LLC bought a new stake in Inv Vk Invt Ny in the 3rd quarter valued at about $111,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Inv Vk Invt Ny during the second quarter worth approximately $49,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Inv Vk Invt Ny Company Profile

Invesco Trust for Investment Grade New York Municipal Securities (NYSE: VTN) is a closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules. The fund invests primarily in municipal securities issued by or on behalf of New York State, its municipalities, and related public authorities. Its portfolio may include bonds that finance public infrastructure and other government-related projects, with an emphasis on investment-grade municipal obligations.