Invesco Trust for Investment Grade Municipals (NYSE:VGM – Get Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 65,300 shares, an increase of 59.3% from the April 15th total of 41,000 shares. Based on an average daily volume of 166,300 shares, the days-to-cover ratio is presently 0.4 days.
Shares of NYSE:VGM traded down $0.14 during trading hours on Friday, hitting $10.66. The company’s stock had a trading volume of 102,420 shares, compared to its average volume of 155,441. Invesco Trust for Investment Grade Municipals has a 52 week low of $10.55 and a 52 week high of $14.36. The firm’s fifty day moving average price is $11.20 and its 200 day moving average price is $12.46.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be issued a $0.0494 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.59 annualized dividend and a dividend yield of 5.56%.
About Invesco Trust for Investment Grade Municipals (Get Rating)
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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