Short Interest in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Decreases By 55.5%

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 18,900 shares, a decrease of 55.5% from the December 15th total of 42,500 shares. Based on an average daily trading volume, of 70,400 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of Invesco Pennsylvania Value Municipal Income Trust stock traded down $0.01 on Thursday, reaching $10.19. The stock had a trading volume of 114,915 shares, compared to its average volume of 76,742. The business’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $10.95. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $9.84 and a fifty-two week high of $11.41.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Friday, January 17th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.10, for a total value of $123,076.80. Following the completion of the sale, the insider now directly owns 2,388,625 shares in the company, valued at approximately $26,513,737.50. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 253,434 shares of company stock valued at $2,790,263 over the last three months.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in VPV. International Assets Investment Management LLC boosted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 12,805 shares during the period. Almitas Capital LLC grew its position in 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 buying an additional 3,765 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 6,257 shares during the period. City of London Investment Management Co. Ltd. raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd 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 raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 212.9% in the 2nd 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 in the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

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.