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

Invesco Value Municipal Income Trust (NYSE:IIM) saw 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

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP boosted its stake in Invesco Value Municipal Income Trust by 310.0% in 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 purchased a new position in Invesco Value Municipal Income Trust in the fourth quarter worth about $32,000. Harbour Investments Inc. bought a new position in shares of Invesco Value Municipal Income Trust in the fourth quarter worth approximately $48,000. Avior Wealth Management LLC purchased a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at approximately $54,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter valued at approximately $78,000. Institutional investors own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Price Performance

IIM 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 one year low of $11.28 and a one year high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

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

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.