Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 19,200 shares, an increase of 30.6% from the February 13th total of 14,700 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 77,600 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals
Institutional investors have recently modified their holdings of the business. Alpine Global Management LLC acquired a new stake in shares of Invesco Trust for Investment Grade New York Municipals in the fourth quarter valued at $496,000. Cary Street Partners Financial LLC purchased a new stake in Invesco Trust for Investment Grade New York Municipals during the 4th quarter worth about $153,000. CF Capital LLC acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at about $541,000. Balyasny Asset Management L.P. acquired a new stake in Invesco Trust for Investment Grade New York Municipals in the 4th quarter valued at about $204,000. Finally, Bank of America Corp DE boosted its stake in shares of Invesco Trust for Investment Grade New York Municipals by 6.5% in the 4th quarter. Bank of America Corp DE now owns 250,348 shares of the investment management company's stock valued at $2,621,000 after buying an additional 15,185 shares during the period. Institutional investors and hedge funds own 34.87% of the company's stock.
Invesco Trust for Investment Grade New York Municipals Stock Performance
NYSE VTN traded up $0.14 during trading on Friday, hitting $10.81. The stock had a trading volume of 103,209 shares, compared to its average volume of 55,630. The firm has a 50 day moving average price of $10.50 and a 200 day moving average price of $10.98. Invesco Trust for Investment Grade New York Municipals has a twelve month low of $10.16 and a twelve month high of $11.68.
Invesco Trust for Investment Grade New York Municipals Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.82 dividend on an annualized basis and a yield of 7.60%.
About Invesco Trust for Investment Grade New York Municipals
(
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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.
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