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

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a significant decline in short interest in 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 days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of IIM. Allworth Financial LP boosted its position in shares of Invesco Value Municipal Income Trust by 310.0% during the 4th quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock worth $27,000 after purchasing an additional 1,705 shares in the last quarter. Curio Wealth LLC acquired a new position in Invesco Value Municipal Income Trust during the 4th quarter worth approximately $32,000. Harbour Investments Inc. acquired a new position in Invesco Value Municipal Income Trust during the 4th quarter worth approximately $48,000. Avior Wealth Management LLC bought a new position in Invesco Value Municipal Income Trust in the fourth quarter worth approximately $54,000. Finally, CoreFirst Bank & Trust acquired a new stake in Invesco Value Municipal Income Trust in the fourth quarter valued at approximately $78,000. 20.73% of the stock is owned by institutional investors.

Invesco Value Municipal Income Trust Price Performance

Shares of Invesco Value Municipal Income Trust stock traded up $0.07 on Tuesday, reaching $12.04. 121,911 shares of the company’s stock were exchanged, compared to its average volume of 147,024. Invesco Value Municipal Income Trust has a 52 week low of $11.28 and a 52 week high of $13.10. The firm’s 50-day moving average is $12.20 and its two-hundred day moving average is $12.33.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 7.68%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.