Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 38.1% in August

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 155,800 shares, a growth of 38.1% from the August 15th total of 112,800 shares. Based on an average daily trading volume, of 119,400 shares, the short-interest ratio is presently 1.3 days.

Invesco Value Municipal Income Trust Trading Down 0.2 %

Invesco Value Municipal Income Trust stock traded down $0.02 during midday trading on Monday, reaching $12.97. The stock had a trading volume of 116,770 shares, compared to its average volume of 124,896. The firm’s fifty day simple moving average is $12.63 and its two-hundred day simple moving average is $12.11. Invesco Value Municipal Income Trust has a twelve month low of $9.94 and a twelve 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 Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.93 dividend on an annualized basis and a yield of 7.13%.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC raised its holdings in Invesco Value Municipal Income Trust by 226.8% in the 4th quarter. Robinson Capital Management LLC now owns 477,328 shares of the investment management company’s stock worth $5,590,000 after acquiring an additional 331,269 shares during the period. UBS Group AG raised its holdings in Invesco Value Municipal Income Trust by 74.4% in the 4th quarter. UBS Group AG now owns 540,264 shares of the investment management company’s stock worth $6,337,000 after acquiring an additional 230,549 shares during the period. Livelsberger Financial Advisory bought a new position in Invesco Value Municipal Income Trust in the 4th quarter worth $2,129,000. Hennion & Walsh Asset Management Inc. grew its position in Invesco Value Municipal Income Trust by 18.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,107,182 shares of the investment management company’s stock worth $13,663,000 after purchasing an additional 170,116 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Invesco Value Municipal Income Trust by 1,206.4% in the 1st quarter. Cetera Investment Advisers now owns 164,342 shares of the investment management company’s stock worth $1,972,000 after purchasing an additional 151,762 shares during the last quarter. Hedge funds and other institutional investors own 20.73% of the company’s stock.

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.