Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Grows By 241.4%


Invesco Trust for Investment Grade Municipals (NYSE:VGM) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 47,800 shares, an increase of 241.4% from the December 15th total of 14,000 shares. Based on an average trading volume of 82,800 shares, the short-interest ratio is currently 0.6 days.

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in shares of Invesco Trust for Investment Grade Municipals in the third quarter worth $3,727,000. Bank of America Corp DE lifted its position in shares of Invesco Trust for Investment Grade Municipals by 52.5% during the 2nd quarter. Bank of America Corp DE now owns 334,621 shares of the investment management company’s stock worth $4,691,000 after purchasing an additional 115,205 shares during the last quarter. BOKF NA purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter worth $1,088,000. Bramshill Investments LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 4.0% during the 2nd quarter. Bramshill Investments LLC now owns 1,919,621 shares of the investment management company’s stock worth $26,914,000 after purchasing an additional 74,468 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Invesco Trust for Investment Grade Municipals during the 3rd quarter worth $853,000. Hedge funds and other institutional investors own 17.92% of the company’s stock.

VGM traded down $0.14 during midday trading on Friday, hitting $13.20. 4,000 shares of the company were exchanged, compared to its average volume of 112,289. The company’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $13.88. Invesco Trust for Investment Grade Municipals has a 1-year low of $12.70 and a 1-year high of $14.36.

The company also recently declared a monthly dividend, which will be paid on Monday, January 31st. Stockholders of record on Tuesday, January 18th will be issued a dividend of $0.0521 per share. The ex-dividend date of this dividend is Friday, January 14th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 4.74%.

About Invesco Trust for Investment Grade Municipals

Invesco Trust For Investment Grade Municipals is a closed-end management investment company. Its investment objective is to provide common shareholders with a high level of current income exempt from federal income taxes, consistent with preservation of capital. The company was founded on January 24, 1992 and is headquartered in Houston, TX.

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