Short Interest in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Declines By 15.3%

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 8,300 shares, a decrease of 15.3% from the September 30th total of 9,800 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.3 %

NYSE VPV traded up $0.03 during trading hours on Wednesday, reaching $10.99. 36,445 shares of the company traded hands, compared to its average volume of 35,482. The company has a 50 day moving average of $11.18 and a two-hundred day moving average of $10.79. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $8.65 and a 12 month high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be given a dividend of $0.0667 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.28%.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $11.00, for a total value of $400,730.00. Following the sale, the insider now owns 2,790,475 shares in the company, valued at $30,695,225. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several large investors have recently made changes to their positions in VPV. Almitas Capital LLC raised its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after acquiring an additional 3,765 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 20.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after buying an additional 7,469 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 6,257 shares during the last quarter. City of London Investment Management Co. Ltd. raised its position in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the second quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Whitebox Advisors LLC lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the second quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock valued at $1,381,000 after acquiring an additional 86,489 shares during the last quarter.

About Invesco Pennsylvania Value Municipal Income Trust

Invesco Pennsylvania 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.