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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 32,100 shares, an increase of 40.2% from the February 28th total of 22,900 shares. Based on an average trading volume of 71,700 shares, the short-interest ratio is currently 0.4 days.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Invesco Pennsylvania Value Municipal Income Trust stock traded up $0.08 during mid-day trading on Tuesday, reaching $10.27. 20,957 shares of the company’s stock were exchanged, compared to its average volume of 50,716. The business’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $10.72. Invesco Pennsylvania Value Municipal Income Trust has a one year low of $9.84 and a one year high of $11.41.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date is Wednesday, April 16th.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 0.9% in the third quarter. Rivernorth Capital Management LLC now owns 479,204 shares of the financial services provider’s stock worth $5,420,000 after acquiring an additional 4,203 shares during the period. Sanctuary Advisors LLC purchased a new position in Invesco Pennsylvania Value Municipal Income Trust in the third quarter valued at approximately $113,000. Robinson Capital Management LLC bought a new position in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $1,743,000. Wolverine Asset Management LLC raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 95,260.0% in the fourth quarter. Wolverine Asset Management LLC now owns 19,072 shares of the financial services provider’s stock valued at $196,000 after buying an additional 19,052 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter valued at $298,000.

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.