Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Sees Significant Increase in Short Interest

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 13,600 shares, a growth of 700.0% from the August 15th total of 1,700 shares. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is currently 0.4 days.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of Invesco Pennsylvania Value Municipal Income Trust stock traded up $0.03 on Thursday, hitting $11.27. The company’s stock had a trading volume of 45,456 shares, compared to its average volume of 35,595. The firm has a fifty day moving average price of $10.98 and a 200-day moving average price of $10.54. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.58 and a 1 year high of $11.30.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be issued a $0.0667 dividend. This represents a $0.80 annualized dividend and a yield of 7.10%. The ex-dividend date is Tuesday, September 17th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VPV. International Assets Investment Management LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter worth approximately $1,242,000. City of London Investment Management Co. Ltd. acquired a new position in Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter worth $516,000. Karpus Management Inc. increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 274.4% during the fourth quarter. Karpus Management Inc. now owns 118,926 shares of the financial services provider’s stock worth $1,189,000 after buying an additional 87,164 shares during the period. Napa Wealth Management purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the 4th quarter valued at approximately $273,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Invesco Pennsylvania Value Municipal Income Trust by 233.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 36,210 shares of the financial services provider’s stock valued at $371,000 after buying an additional 25,338 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

Invesco Pennsylvania 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.