Short Interest in Inv Vk Pa Valu (NYSE:VPV) Drops By 41.2%

Inv Vk Pa Valu (NYSE:VPV) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 48,282 shares, a decline of 41.2% from the May 14th total of 82,069 shares. Based on an average trading volume of 27,546 shares, the short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VPV. Rivernorth Capital Management LLC raised its holdings in shares of Inv Vk Pa Valu by 63.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 120,913 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 46,991 shares during the period. Alpine Global Management LLC purchased a new stake in Inv Vk Pa Valu in the 3rd quarter valued at about $455,000. PNC Financial Services Group Inc. raised its holdings in Inv Vk Pa Valu by 443.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,083 shares of the financial services provider’s stock valued at $497,000 after buying an additional 39,236 shares during the period. NewEdge Advisors LLC purchased a new stake in Inv Vk Pa Valu in the 1st quarter valued at about $236,000. Finally, Baird Financial Group Inc. raised its holdings in Inv Vk Pa Valu by 39.1% in the 2nd quarter. Baird Financial Group Inc. now owns 48,127 shares of the financial services provider’s stock valued at $484,000 after buying an additional 13,519 shares during the period.

Inv Vk Pa Valu Stock Down 0.8%

Shares of NYSE VPV traded down $0.09 during trading on Monday, hitting $11.28. 25,114 shares of the company were exchanged, compared to its average volume of 28,831. Inv Vk Pa Valu has a 12-month low of $9.81 and a 12-month high of $11.50. The company has a fifty day moving average price of $10.90 and a 200-day moving average price of $10.71.

Inv Vk Pa Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0667 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Monday, June 15th.

Inv Vk Pa Valu 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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.