Invesco Value Municipal Income Trust (NYSE:IIM) Sees Significant Drop in Short Interest

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 123,800 shares, a decline of 16.3% from the February 28th total of 147,900 shares. Based on an average daily trading volume, of 174,900 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Invesco Value Municipal Income Trust

A number of hedge funds have recently made changes to their positions in IIM. Allworth Financial LP raised its holdings in Invesco Value Municipal Income Trust by 310.0% in the 4th quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,705 shares during the last quarter. Curio Wealth LLC acquired a new stake in shares of Invesco Value Municipal Income Trust in the fourth quarter valued at about $32,000. Harbour Investments Inc. acquired a new stake in shares of Invesco Value Municipal Income Trust in the fourth quarter valued at about $48,000. Avior Wealth Management LLC bought a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter worth about $54,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Invesco Value Municipal Income Trust in the fourth quarter worth approximately $78,000. 20.73% of the stock is owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Stock Up 0.6 %

Shares of IIM traded up $0.07 during trading hours on Tuesday, reaching $12.04. The stock had a trading volume of 121,911 shares, compared to its average volume of 147,024. Invesco Value Municipal Income Trust has a 12 month low of $11.28 and a 12 month high of $13.10. The company’s 50-day moving average is $12.20 and its two-hundred day moving average is $12.33.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.0771 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.93 annualized dividend and a yield of 7.68%.

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.