Inv Vk Tr Inv (NYSE:VGM) Short Interest Up 77.8% in July

Inv Vk Tr Inv (NYSE:VGM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 435,171 shares, an increase of 77.8% from the June 30th total of 244,736 shares. Based on an average daily trading volume, of 134,592 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.8% of the company’s stock are sold short.

Inv Vk Tr Inv Stock Down 0.6%

Shares of Inv Vk Tr Inv stock traded down $0.06 on Friday, reaching $10.13. The stock had a trading volume of 178,004 shares, compared to its average volume of 138,946. The company has a 50 day moving average price of $10.33 and a 200 day moving average price of $10.29. Inv Vk Tr Inv has a 1 year low of $9.42 and a 1 year high of $10.66.

Inv Vk Tr Inv Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a $0.0646 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date was Tuesday, July 14th.

Hedge Funds Weigh In On Inv Vk Tr Inv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Inv Vk Tr Inv during the 3rd quarter valued at $30,000. Comerica Bank grew its stake in Inv Vk Tr Inv by 85.2% during the 4th quarter. Comerica Bank now owns 5,370 shares of the investment management company’s stock worth $56,000 after buying an additional 2,470 shares during the last quarter. Allworth Financial LP increased its position in Inv Vk Tr Inv by 727.9% during the 4th quarter. Allworth Financial LP now owns 5,688 shares of the investment management company’s stock valued at $59,000 after buying an additional 5,001 shares in the last quarter. Fifth Third Bancorp acquired a new position in Inv Vk Tr Inv during the 1st quarter valued at about $81,000. Finally, Camelot Portfolios LLC purchased a new stake in Inv Vk Tr Inv in the fourth quarter valued at about $103,000. 38.13% of the stock is owned by hedge funds and other institutional investors.

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.