Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Short Interest Update

Invesco Trust for Investment Grade New York Municipals (NYSE:VTNGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 10,100 shares, a decrease of 35.3% from the April 15th total of 15,600 shares. Based on an average daily trading volume, of 46,300 shares, the days-to-cover ratio is presently 0.2 days.

Large investors have recently made changes to their positions in the business. Herold Advisors Inc. bought a new position in Invesco Trust for Investment Grade New York Municipals in the 1st quarter valued at $62,000. Cohen & Steers Inc. bought a new position in Invesco Trust for Investment Grade New York Municipals in the 3rd quarter valued at $142,000. Shufro Rose & Co. LLC grew its stake in Invesco Trust for Investment Grade New York Municipals by 14.8% in the 1st quarter. Shufro Rose & Co. LLC now owns 15,500 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 2,000 shares during the period. Wells Fargo & Company MN grew its stake in Invesco Trust for Investment Grade New York Municipals by 166.3% in the 2nd quarter. Wells Fargo & Company MN now owns 18,716 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 11,688 shares during the period. Finally, Raymond James & Associates grew its stake in Invesco Trust for Investment Grade New York Municipals by 7.4% in the 4th quarter. Raymond James & Associates now owns 22,673 shares of the investment management company’s stock valued at $304,000 after purchasing an additional 1,572 shares during the period. Hedge funds and other institutional investors own 21.86% of the company’s stock.

Shares of Invesco Trust for Investment Grade New York Municipals stock opened at $10.39 on Friday. The stock has a fifty day simple moving average of $11.29 and a 200 day simple moving average of $12.43. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $10.36 and a 12-month high of $14.17.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a $0.0421 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.51 dividend on an annualized basis and a yield of 4.86%.

About Invesco Trust for Investment Grade New York Municipals (Get Rating)

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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