Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Update

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 94,500 shares, a growth of 18.4% from the September 15th total of 79,800 shares. Based on an average daily trading volume, of 119,200 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Value Municipal Income Trust Stock Down 0.2 %

Shares of IIM traded down $0.03 during mid-day trading on Monday, hitting $12.67. 197,172 shares of the stock were exchanged, compared to its average volume of 127,377. Invesco Value Municipal Income Trust has a 52-week low of $9.94 and a 52-week high of $13.10. The firm has a 50-day moving average of $12.78 and a two-hundred day moving average of $12.25.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be paid a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Wednesday, October 16th.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invesco Value Municipal Income Trust by 18.2% in 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 buying an additional 170,116 shares during the period. Robinson Capital Management LLC lifted its holdings in Invesco Value Municipal Income Trust by 23.7% during the 1st quarter. Robinson Capital Management LLC now owns 590,665 shares of the investment management company’s stock valued at $6,739,000 after buying an additional 113,337 shares in the last quarter. Van ECK Associates Corp boosted its position in Invesco Value Municipal Income Trust by 6.3% in the 1st quarter. Van ECK Associates Corp now owns 375,211 shares of the investment management company’s stock valued at $4,503,000 after buying an additional 22,148 shares during the period. Cetera Investment Advisers grew its stake in Invesco Value Municipal Income Trust by 1,206.4% in the 1st quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock worth $1,972,000 after acquiring an additional 151,762 shares in the last quarter. Finally, Leo Wealth LLC raised its stake in shares of Invesco Value Municipal Income Trust by 9.7% during the first quarter. Leo Wealth LLC now owns 140,745 shares of the investment management company’s stock valued at $1,687,000 after acquiring an additional 12,465 shares in the last quarter. 20.73% of the stock is owned by hedge funds and other 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.