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 large drop in short interest in March. As of March 31st, there was short interest totalling 79,100 shares, a drop of 36.1% from the March 15th total of 123,800 shares. Based on an average daily trading volume, of 158,900 shares, the days-to-cover ratio is presently 0.5 days.

Invesco Value Municipal Income Trust Trading Up 0.1 %

NYSE:IIM opened at $11.57 on Friday. The stock has a 50 day moving average of $12.04 and a two-hundred day moving average of $12.21. Invesco Value Municipal Income Trust has a 12 month low of $10.96 and a 12 month high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Wednesday, April 16th.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Invesco Value Municipal Income Trust in the 4th quarter valued at $2,310,000. LPL Financial LLC grew its holdings in shares of Invesco Value Municipal Income Trust by 77.0% in the fourth quarter. LPL Financial LLC now owns 247,303 shares of the investment management company’s stock valued at $2,940,000 after purchasing an additional 107,583 shares during the period. Robinson Capital Management LLC grew its holdings in shares of Invesco Value Municipal Income Trust by 19.4% in the fourth quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock valued at $7,639,000 after purchasing an additional 104,296 shares during the period. LexAurum Advisors LLC acquired a new stake in Invesco Value Municipal Income Trust during the first quarter worth about $1,104,000. Finally, Bank of America Corp DE raised its stake in Invesco Value Municipal Income Trust by 5.5% during the fourth quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company’s stock worth $19,896,000 after purchasing an additional 87,776 shares during the period. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.