Inv Vk Invt Ny (NYSE:VTN) Sees Significant Growth in Short Interest

Inv Vk Invt Ny (NYSE:VTN) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 79,354 shares, an increase of 277.2% from the October 15th total of 21,040 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 98,901 shares, the days-to-cover ratio is presently 0.8 days.

Inv Vk Invt Ny Trading Up 0.2%

Shares of VTN stock traded up $0.02 during mid-day trading on Friday, reaching $10.13. The stock had a trading volume of 73,467 shares, compared to its average volume of 38,785. Inv Vk Invt Ny has a 12-month low of $8.99 and a 12-month high of $12.10. The business has a 50-day simple moving average of $9.79 and a 200 day simple moving average of $10.86.

Inv Vk Invt Ny Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Monday, November 16th. This is a negative change from Inv Vk Invt Ny’s previous monthly dividend of $0.0685.

Hedge Funds Weigh In On Inv Vk Invt Ny

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its position in shares of Inv Vk Invt Ny by 30.2% in the third quarter. Commonwealth Equity Services LLC now owns 13,831 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 3,209 shares during the last quarter. Avestar Capital LLC purchased a new position in shares of Inv Vk Invt Ny during the 3rd quarter worth approximately $111,000. Ackerman Capital Advisors LLC acquired a new position in shares of Inv Vk Invt Ny during the 3rd quarter worth approximately $111,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Inv Vk Invt Ny during the 2nd quarter worth approximately $49,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

About Inv Vk Invt Ny

Invesco Trust for Investment Grade New York Municipals is a closed-end investment fund that seeks to provide income exempt from federal income tax and New York state and city personal income taxes. It invests primarily in municipal securities issued by or on behalf of New York state and local governments and related public entities. The fund emphasizes investment-grade municipal bonds, which may finance public projects and services such as schools, transportation, utilities and infrastructure. Its portfolio is managed by Invesco, and its results are influenced by the credit quality of its holdings, interest rates and conditions in the municipal bond market.