Short Interest in Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Declines By 24.7%

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 19,800 shares, a decline of 24.7% from the August 31st total of 26,300 shares. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Invesco Trust for Investment Grade New York Municipals

Several institutional investors and hedge funds have recently modified their holdings of VTN. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Trust for Investment Grade New York Municipals by 3.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 227,802 shares of the investment management company’s stock worth $2,560,000 after acquiring an additional 6,684 shares in the last quarter. Whitebox Advisors LLC grew its position in shares of Invesco Trust for Investment Grade New York Municipals by 228.9% in the second quarter. Whitebox Advisors LLC now owns 120,354 shares of the investment management company’s stock valued at $1,353,000 after purchasing an additional 83,766 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the first quarter worth about $419,000. Scarborough Advisors LLC purchased a new stake in shares of Invesco Trust for Investment Grade New York Municipals during the fourth quarter worth about $260,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Invesco Trust for Investment Grade New York Municipals during the 2nd quarter worth about $127,000. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Invesco Trust for Investment Grade New York Municipals Stock Up 0.4 %

VTN stock traded up $0.05 during midday trading on Friday, hitting $11.54. 8,622 shares of the stock traded hands, compared to its average volume of 37,355. Invesco Trust for Investment Grade New York Municipals has a 1-year low of $8.49 and a 1-year high of $11.68. The stock’s fifty day simple moving average is $11.37 and its 200-day simple moving average is $11.03.

Invesco Trust for Investment Grade New York Municipals Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Tuesday, September 17th.

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.