Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Grows By 108.9%

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 112,800 shares, a growth of 108.9% from the July 31st total of 54,000 shares. Based on an average trading volume of 134,400 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Invesco Value Municipal Income Trust

Several hedge funds have recently modified their holdings of IIM. Robinson Capital Management LLC lifted its stake in Invesco Value Municipal Income Trust by 226.8% in the fourth quarter. Robinson Capital Management LLC now owns 477,328 shares of the investment management company’s stock valued at $5,590,000 after buying an additional 331,269 shares during the period. UBS Group AG raised its position in shares of Invesco Value Municipal Income Trust by 74.4% during the fourth quarter. UBS Group AG now owns 540,264 shares of the investment management company’s stock worth $6,337,000 after purchasing an additional 230,549 shares during the period. Livelsberger Financial Advisory acquired a new position in shares of Invesco Value Municipal Income Trust in the 4th quarter valued at approximately $2,129,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Invesco Value Municipal Income Trust by 18.2% in the 2nd 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 during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Invesco Value Municipal Income Trust by 1,206.4% in the first quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock valued at $1,972,000 after buying an additional 151,762 shares in the last quarter. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Price Performance

Invesco Value Municipal Income Trust stock traded down $0.02 during trading hours on Friday, hitting $12.74. 128,885 shares of the stock were exchanged, compared to its average volume of 125,120. The business’s 50-day moving average is $12.52 and its two-hundred day moving average is $12.03. Invesco Value Municipal Income Trust has a 12 month low of $9.94 and a 12 month high of $12.87.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.0771 dividend. This represents a $0.93 annualized dividend and a yield of 7.26%. The ex-dividend date is Friday, August 16th.

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.