Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 210.9% in November

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 54,400 shares, a growth of 210.9% from the November 15th total of 17,500 shares. Based on an average trading volume of 152,000 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Value Municipal Income Trust Stock Performance

IIM traded down $0.08 on Thursday, hitting $12.48. The company had a trading volume of 115,469 shares, compared to its average volume of 131,891. 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 fifty day simple moving average of $12.52 and a 200-day simple moving average of $12.50.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date is Tuesday, December 17th.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

Several institutional investors and hedge funds have recently modified their holdings of IIM. Stifel Financial Corp lifted its position in Invesco Value Municipal Income Trust by 43.2% in the 3rd quarter. Stifel Financial Corp now owns 70,539 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 21,271 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco Value Municipal Income Trust by 1.6% during the third quarter. Rockefeller Capital Management L.P. now owns 132,159 shares of the investment management company’s stock valued at $1,702,000 after purchasing an additional 2,120 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Invesco Value Municipal Income Trust by 233.3% during the third quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after buying an additional 1,400 shares during the last quarter. Wealth Quarterback LLC increased its holdings in Invesco Value Municipal Income Trust by 1.7% in the 3rd quarter. Wealth Quarterback LLC now owns 54,030 shares of the investment management company’s stock worth $696,000 after buying an additional 894 shares in the last quarter. Finally, Signaturefd LLC raised its position in Invesco Value Municipal Income Trust by 1,156.7% in the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after buying an additional 2,325 shares during the last quarter. 20.73% of the stock is currently owned by 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.