Short Interest in Invesco Trust for Investment Grade Municipals (NYSE:VGM) Increases By 1,366.7%

Invesco Trust for Investment Grade Municipals (NYSE:VGM) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 39,600 shares, an increase of 1,366.7% from the September 30th total of 2,700 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Shares of NYSE VGM opened at $12.38 on Thursday. Invesco Trust for Investment Grade Municipals has a 1-year low of $8.62 and a 1-year high of $13.46. The business’s 50 day moving average is $12.51 and its two-hundred day moving average is $12.30.

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Wednesday, October 14th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. bought a new stake in Invesco Trust for Investment Grade Municipals in the first quarter worth $2,804,000. Morgan Stanley raised its stake in shares of Invesco Trust for Investment Grade Municipals by 11.4% in the first quarter. Morgan Stanley now owns 343,249 shares of the investment management company’s stock valued at $4,150,000 after acquiring an additional 35,231 shares during the period. 6 Meridian lifted its holdings in shares of Invesco Trust for Investment Grade Municipals by 79.8% in the 2nd quarter. 6 Meridian now owns 61,655 shares of the investment management company’s stock worth $742,000 after acquiring an additional 27,371 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Invesco Trust for Investment Grade Municipals by 13.3% during the 2nd quarter. Baird Financial Group Inc. now owns 103,433 shares of the investment management company’s stock worth $1,326,000 after purchasing an additional 12,123 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in Invesco Trust for Investment Grade Municipals by 21.5% during the 2nd quarter. Prospera Financial Services Inc now owns 14,107 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 2,500 shares during the last quarter.

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.

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