Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Expands By 210.9%

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 54,400 shares, a growth of 210.9% from the November 15th total of 17,500 shares. Based on an average daily volume of 152,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Invesco Value Municipal Income Trust by 1,156.7% in the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after buying an additional 2,325 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Invesco Value Municipal Income Trust by 1,206.4% during the first quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock worth $1,972,000 after buying an additional 151,762 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Invesco Value Municipal Income Trust by 18.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock valued at $13,663,000 after buying an additional 170,116 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Invesco Value Municipal Income Trust in the second quarter worth about $814,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Invesco Value Municipal Income Trust during the 2nd quarter valued at about $1,180,000. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invesco Value Municipal Income Trust Trading Down 1.1 %

Shares of NYSE IIM traded down $0.14 during midday trading on Friday, reaching $12.34. The company had a trading volume of 106,110 shares, compared to its average volume of 131,759. Invesco Value Municipal Income Trust has a 1 year low of $11.28 and a 1 year high of $13.10. The business’s 50-day simple moving average is $12.51 and its 200 day simple moving average is $12.50.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.0771 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.50%.

About Invesco Value Municipal Income Trust

Invesco Value Municipal Income Trust 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.