Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Down 85.2% in January

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

Invesco Value Municipal Income Trust Stock Performance

IIM stock traded down $0.03 during mid-day trading on Tuesday, reaching $11.96. 177,951 shares of the company’s stock were exchanged, compared to its average volume of 166,868. The stock’s 50 day moving average is $12.14 and its 200 day moving average is $12.46. Invesco Value Municipal Income Trust has a 12-month low of $11.28 and a 12-month high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Friday, January 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IIM. Quarry LP boosted its stake in shares of Invesco Value Municipal Income Trust by 160.1% in the 2nd quarter. Quarry LP now owns 43,700 shares of the investment management company’s stock valued at $539,000 after buying an additional 26,900 shares during the period. Stifel Financial Corp increased its position 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 worth $909,000 after buying an additional 21,271 shares during the period. Lauer Wealth LLC acquired a new stake in Invesco Value Municipal Income Trust during the 4th quarter worth $190,000. Wagner Wealth Management LLC increased its position in Invesco Value Municipal Income Trust by 27.2% in the 3rd quarter. Wagner Wealth Management LLC now owns 48,662 shares of the investment management company’s stock valued at $627,000 after acquiring an additional 10,397 shares during the period. Finally, Avior Wealth Management LLC acquired a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter worth $54,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

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.