Invesco Value Municipal Income Trust (NYSE:IIM) Sees Large Drop in Short Interest

Invesco Value Municipal Income Trust (NYSE:IIM) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 27,000 shares, a drop of 24.8% from the January 15th total of 35,900 shares. Based on an average trading volume of 175,600 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in IIM. Raymond James Financial Inc. acquired a new position in shares of Invesco Value Municipal Income Trust in the fourth quarter worth $2,310,000. LPL Financial LLC grew its stake in Invesco Value Municipal Income Trust by 77.0% during the 4th quarter. LPL Financial LLC now owns 247,303 shares of the investment management company’s stock worth $2,940,000 after purchasing an additional 107,583 shares in the last quarter. Robinson Capital Management LLC increased its holdings in Invesco Value Municipal Income Trust by 19.4% during the 4th quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock worth $7,639,000 after purchasing an additional 104,296 shares during the period. Van ECK Associates Corp raised its position in Invesco Value Municipal Income Trust by 28.3% in the 4th quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock valued at $4,182,000 after purchasing an additional 77,513 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in shares of Invesco Value Municipal Income Trust in the 4th quarter valued at about $899,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Stock Up 0.2 %

NYSE IIM opened at $12.17 on Friday. The stock has a 50-day moving average of $12.07 and a two-hundred day moving average of $12.44. Invesco Value Municipal Income Trust has a 1-year low of $11.28 and a 1-year high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a yield of 7.60%. The ex-dividend date is Tuesday, February 18th.

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.