Invesco Trust for Investment Grade Municipals (NYSE:VGM) Short Interest Down 21.3% in December

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 172,000 shares, a decrease of 21.3% from the December 15th total of 218,600 shares. Based on an average daily trading volume, of 197,900 shares, the days-to-cover ratio is presently 0.9 days.

Invesco Trust for Investment Grade Municipals Price Performance

VGM stock traded down $0.03 during midday trading on Friday, hitting $10.12. The stock had a trading volume of 86,497 shares, compared to its average volume of 128,472. The business has a fifty day moving average price of $10.17 and a two-hundred day moving average price of $10.31. Invesco Trust for Investment Grade Municipals has a 1-year low of $9.47 and a 1-year high of $10.70.

Invesco Trust for Investment Grade Municipals Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date is Friday, January 17th.

Institutional Investors Weigh In On Invesco Trust for Investment Grade Municipals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC lifted its stake in Invesco Trust for Investment Grade Municipals by 27.3% in the third quarter. Pathstone Holdings LLC now owns 764,291 shares of the investment management company’s stock valued at $8,071,000 after buying an additional 163,705 shares during the period. Leo Wealth LLC increased its stake in shares of Invesco Trust for Investment Grade Municipals by 11.5% in the 3rd quarter. Leo Wealth LLC now owns 218,123 shares of the investment management company’s stock valued at $2,303,000 after acquiring an additional 22,415 shares in the last quarter. Melone Private Wealth LLC lifted its position in shares of Invesco Trust for Investment Grade Municipals by 1.6% during the 4th quarter. Melone Private Wealth LLC now owns 174,333 shares of the investment management company’s stock valued at $1,761,000 after acquiring an additional 2,684 shares during the period. Indiana Trust & Investment Management Co lifted its position in shares of Invesco Trust for Investment Grade Municipals by 1.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 172,492 shares of the investment management company’s stock valued at $1,822,000 after acquiring an additional 2,112 shares during the period. Finally, Stifel Financial Corp boosted its stake in Invesco Trust for Investment Grade Municipals by 1.1% during the third quarter. Stifel Financial Corp now owns 167,271 shares of the investment management company’s stock worth $1,766,000 after acquiring an additional 1,896 shares in the last quarter. Institutional investors own 38.13% of the company’s stock.

About Invesco Trust for Investment Grade Municipals

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.