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

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 27,000 shares, a drop of 24.8% from the January 15th total of 35,900 shares. Based on an average trading volume of 175,600 shares, the short-interest ratio is currently 0.2 days.

Invesco Value Municipal Income Trust Stock Up 0.2 %

Shares of IIM opened at $12.17 on Friday. Invesco Value Municipal Income Trust has a 52-week low of $11.28 and a 52-week high of $13.10. The stock has a 50 day moving average price of $12.07 and a 200 day moving average price of $12.44.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.0771 dividend. This represents a $0.93 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Walleye Capital LLC purchased a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter worth about $200,000. Raymond James Financial Inc. purchased a new position in Invesco Value Municipal Income Trust during the 4th quarter worth approximately $2,310,000. Aristides Capital LLC acquired a new position in Invesco Value Municipal Income Trust during the fourth quarter worth approximately $124,000. Sit Investment Associates Inc. lifted its stake in Invesco Value Municipal Income Trust by 7.2% in the fourth quarter. Sit Investment Associates Inc. now owns 148,579 shares of the investment management company’s stock valued at $1,767,000 after buying an additional 10,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Invesco Value Municipal Income Trust in the fourth quarter valued at approximately $228,000. 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.