Invesco Value Municipal Income Trust (NYSE:IIM) Sees Large Growth in Short Interest

Invesco Value Municipal Income Trust (NYSE:IIM) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 155,800 shares, an increase of 38.1% from the August 15th total of 112,800 shares. Based on an average daily trading volume, of 119,400 shares, the days-to-cover ratio is currently 1.3 days.

Invesco Value Municipal Income Trust Price Performance

NYSE IIM traded down $0.05 during trading hours on Monday, hitting $12.94. The company had a trading volume of 185,282 shares, compared to its average volume of 125,281. Invesco Value Municipal Income Trust has a fifty-two week low of $9.94 and a fifty-two week high of $13.10. The business has a fifty day simple moving average of $12.63 and a 200-day simple moving average of $12.11.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.0771 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.15%.

Institutional Trading of Invesco Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its position in Invesco Value Municipal Income Trust by 0.9% during the first quarter. Commonwealth Equity Services LLC now owns 103,070 shares of the investment management company’s stock valued at $1,237,000 after purchasing an additional 907 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Invesco Value Municipal Income Trust by 17.7% during the 2nd quarter. Wedbush Securities Inc. now owns 13,279 shares of the investment management company’s stock worth $164,000 after purchasing an additional 2,000 shares during the period. Wealth Quarterback LLC increased its position in shares of Invesco Value Municipal Income Trust by 5.3% during the fourth quarter. Wealth Quarterback LLC now owns 52,480 shares of the investment management company’s stock valued at $616,000 after purchasing an additional 2,661 shares during the period. CoreFirst Bank & Trust bought a new position in Invesco Value Municipal Income Trust during the fourth quarter worth about $77,000. Finally, TIAA Trust National Association bought a new position in shares of Invesco Value Municipal Income Trust during the second quarter valued at $152,000. 20.73% of the stock is currently owned by institutional investors.

Invesco Value Municipal Income Trust Company Profile

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.