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

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 54,400 shares, an increase of 210.9% from the November 15th total of 17,500 shares. Based on an average daily volume of 152,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Invesco Value Municipal Income Trust by 18.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock worth $13,663,000 after acquiring an additional 170,116 shares during the period. Cetera Investment Advisers increased its position in shares of Invesco Value Municipal Income Trust by 1,206.4% during the 1st quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock valued at $1,972,000 after purchasing an additional 151,762 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth $1,180,000. Rothschild Investment LLC bought a new stake in shares of Invesco Value Municipal Income Trust during the 2nd quarter worth $814,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Invesco Value Municipal Income Trust by 32.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 136,028 shares of the investment management company’s stock worth $1,679,000 after buying an additional 32,958 shares during the last quarter. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Trading Down 0.6 %

NYSE IIM traded down $0.08 on Thursday, reaching $12.48. The company had a trading volume of 115,469 shares, compared to its average volume of 131,891. The company’s fifty day moving average is $12.52 and its 200 day moving average is $12.50. Invesco Value Municipal Income Trust has a 52-week low of $11.28 and a 52-week high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.93 annualized dividend and a dividend yield of 7.41%.

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.