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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 28,500 shares, a growth of 56.6% from the November 15th total of 18,200 shares. Based on an average daily trading volume, of 52,300 shares, the days-to-cover ratio is currently 0.5 days.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

NYSE:VPV traded down $0.14 during trading hours on Friday, reaching $10.91. The company had a trading volume of 58,332 shares, compared to its average volume of 40,296. The stock has a 50-day moving average of $11.14 and a two-hundred day moving average of $11.01. Invesco Pennsylvania Value Municipal Income Trust has a one year low of $9.84 and a one year high of $11.41.

Invesco Pennsylvania 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 $0.0667 dividend. This represents a $0.80 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend is Tuesday, December 17th.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $11.00, for a total value of $400,730.00. Following the sale, the insider now directly owns 2,790,475 shares in the company, valued at approximately $30,695,225. This represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 253,434 shares of company stock valued at $2,790,263 in the last 90 days.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in VPV. Whitebox Advisors LLC raised its position 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 purchasing an additional 86,489 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 12.6% in the third quarter. Rivernorth Capital Management LLC now owns 534,737 shares of the financial services provider’s stock valued at $6,048,000 after buying an additional 59,736 shares in the last quarter. Haverford Trust Co bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the third quarter valued at about $343,000. International Assets Investment Management LLC lifted its position in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after buying an additional 12,805 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Invesco Pennsylvania Value Municipal Income Trust during the 3rd quarter worth about $113,000.

About Invesco Pennsylvania Value Municipal Income Trust

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.