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

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,700 shares, a decline of 85.2% from the December 15th total of 65,400 shares. Based on an average daily volume of 173,500 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Value Municipal Income Trust Trading Down 0.7 %

Shares of Invesco Value Municipal Income Trust stock traded down $0.08 on Monday, hitting $11.84. The company had a trading volume of 101,260 shares, compared to its average volume of 147,251. The business has a 50-day simple moving average of $12.25 and a 200-day simple moving average of $12.50. 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.0771 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.81%.

Institutional Trading of Invesco Value Municipal Income Trust

Several institutional investors have recently made changes to their positions in IIM. Larson Financial Group LLC raised its stake in shares of Invesco Value Municipal Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 1,400 shares in the last quarter. Signaturefd LLC increased its stake in shares of Invesco Value Municipal Income Trust by 1,156.7% in the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,325 shares during the period. Wedbush Securities Inc. lifted its position in shares of Invesco Value Municipal Income Trust by 17.7% during the 2nd quarter. Wedbush Securities Inc. now owns 13,279 shares of the investment management company’s stock worth $164,000 after purchasing an additional 2,000 shares during the last quarter. Quarry LP boosted its stake in Invesco Value Municipal Income Trust by 160.1% during the 2nd quarter. Quarry LP now owns 43,700 shares of the investment management company’s stock valued at $539,000 after purchasing an additional 26,900 shares during the period. Finally, Wagner Wealth Management LLC lifted its holdings in shares of Invesco Value Municipal Income Trust by 27.2% during the third quarter. Wagner Wealth Management LLC now owns 48,662 shares of the investment management company’s stock worth $627,000 after buying an additional 10,397 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Company Profile

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.