Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Sees Significant Growth in Short Interest

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,100 shares, a growth of 77.6% from the February 28th total of 19,200 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 2.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 153,293 shares of the investment management company’s stock worth $1,605,000 after purchasing an additional 3,075 shares during the period. Stifel Financial Corp increased its stake in Invesco Trust for Investment Grade New York Municipals by 19.4% in the fourth quarter. Stifel Financial Corp now owns 45,616 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 7,418 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $112,000. PFG Investments LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at $112,000. Finally, Walleye Capital LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth $115,000. Institutional investors and hedge funds own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Trading Up 0.0 %

Shares of Invesco Trust for Investment Grade New York Municipals stock traded up $0.01 during trading on Friday, hitting $10.43. 20,804 shares of the company were exchanged, compared to its average volume of 55,783. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $10.16 and a fifty-two week high of $11.68. The firm has a 50 day moving average price of $10.54 and a 200 day moving average price of $10.94.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.0685 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend is Wednesday, April 16th.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York 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.