Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Declines By 16.3%

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 123,800 shares, a decline of 16.3% from the February 28th total of 147,900 shares. Based on an average daily volume of 174,900 shares, the short-interest ratio is currently 0.7 days.

Invesco Value Municipal Income Trust Stock Up 0.5 %

IIM stock traded up $0.07 during trading on Thursday, reaching $12.11. The stock had a trading volume of 88,760 shares, compared to its average volume of 146,768. The stock’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.32. Invesco Value Municipal Income Trust has a 52 week low of $11.28 and a 52 week high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Wednesday, April 16th.

Institutional Trading of Invesco Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its position in shares of Invesco Value Municipal Income Trust by 1.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock valued at $1,702,000 after acquiring an additional 2,120 shares during the period. Stifel Financial Corp grew its holdings in Invesco Value Municipal Income Trust by 43.2% during the third quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock valued at $909,000 after purchasing an additional 21,271 shares during the period. Lauer Wealth LLC purchased a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth about $190,000. Avior Wealth Management LLC purchased a new stake in Invesco Value Municipal Income Trust in the fourth quarter worth about $54,000. Finally, Catalina Capital Group LLC raised its stake in shares of Invesco Value Municipal Income Trust by 8.9% in the fourth quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company’s stock worth $269,000 after buying an additional 1,857 shares during the period. 20.73% of the stock is owned by hedge funds and other institutional investors.

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.