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 - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 34,100 shares, an increase of 77.6% from the February 28th total of 19,200 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 70,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Trust for Investment Grade New York Municipals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $112,000. PFG Investments LLC purchased a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth approximately $112,000. Walleye Capital LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth approximately $115,000. Wolverine Asset Management LLC lifted its stake in Invesco Trust for Investment Grade New York Municipals by 1,314.1% in the 4th quarter. Wolverine Asset Management LLC now owns 13,618 shares of the investment management company's stock valued at $143,000 after buying an additional 12,655 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at approximately $153,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco Trust for Investment Grade New York Municipals Stock Performance

NYSE VTN traded up $0.09 during mid-day trading on Tuesday, hitting $10.53. The stock had a trading volume of 1,118 shares, compared to its average volume of 55,595. The company has a 50 day simple moving average of $10.54 and a 200 day simple moving average of $10.93. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $10.16 and a 52-week high of $11.68.

Invesco Trust for Investment Grade New York Municipals Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 7.81%. The ex-dividend date is Wednesday, April 16th.

About Invesco Trust for Investment Grade New York Municipals

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.