Short Interest in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Rises By 53.1%

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 14,700 shares, an increase of 53.1% from the January 31st total of 9,600 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is presently 0.2 days.

Invesco Trust for Investment Grade New York Municipals Trading Down 0.4 %

VTN stock traded down $0.04 during trading on Monday, reaching $10.67. The stock had a trading volume of 46,319 shares, compared to its average volume of 54,419. Invesco Trust for Investment Grade New York Municipals has a one year low of $10.16 and a one year high of $11.68. The company's 50 day moving average is $10.50 and its two-hundred day moving average is $11.05.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.0685 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.70%. The ex-dividend date was Tuesday, February 18th.

Institutional Trading of Invesco Trust for Investment Grade New York Municipals

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

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.