Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 211.9% in February

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 84,200 shares, an increase of 211.9% from the January 31st total of 27,000 shares. Based on an average daily trading volume, of 180,400 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Value Municipal Income Trust Stock Performance

NYSE:IIM traded up $0.03 during trading hours on Friday, reaching $12.47. The company had a trading volume of 204,976 shares, compared to its average volume of 166,347. The stock has a 50-day moving average of $12.08 and a two-hundred day moving average of $12.43. Invesco Value Municipal Income Trust has a one year low of $11.28 and a one year high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Tuesday, February 18th.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Invesco Value Municipal Income Trust by 28.3% in the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock valued at $4,182,000 after acquiring an additional 77,513 shares during the last quarter. Stifel Financial Corp boosted its stake in Invesco Value Municipal Income Trust by 43.2% in the third quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock worth $909,000 after purchasing an additional 21,271 shares in the last quarter. Signaturefd LLC boosted its stake in Invesco Value Municipal Income Trust by 1,156.7% in the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,325 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Invesco Value Municipal Income Trust by 310.0% during the fourth quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,705 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Invesco Value Municipal Income Trust by 13.9% in the fourth quarter. D.A. Davidson & CO. now owns 12,258 shares of the investment management company’s stock valued at $146,000 after buying an additional 1,500 shares in the last quarter. 20.73% of the stock is owned by institutional investors.

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.