Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Update

Invesco Value Municipal Income Trust (NYSE:IIM) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 79,100 shares, a drop of 36.1% from the March 15th total of 123,800 shares. Based on an average daily volume of 158,900 shares, the short-interest ratio is currently 0.5 days.

Invesco Value Municipal Income Trust Stock Up 0.1 %

Shares of NYSE:IIM traded up $0.02 during midday trading on Thursday, hitting $11.57. The stock had a trading volume of 95,843 shares, compared to its average volume of 150,423. Invesco Value Municipal Income Trust has a 1 year low of $10.96 and a 1 year high of $13.10. The stock has a 50 day moving average price of $12.07 and a two-hundred day moving average price of $12.23.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Trading of Invesco Value Municipal Income Trust

A number of institutional investors have recently bought and sold shares of IIM. Bank of America Corp DE increased its position in Invesco Value Municipal Income Trust by 5.5% during the fourth quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company’s stock worth $19,896,000 after buying an additional 87,776 shares in the last quarter. Robinson Capital Management LLC raised its stake in Invesco Value Municipal Income Trust by 19.4% in the 4th quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company’s stock valued at $7,639,000 after purchasing an additional 104,296 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Invesco Value Municipal Income Trust by 28.3% in the 4th quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company’s stock valued at $4,182,000 after purchasing an additional 77,513 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco Value Municipal Income Trust by 77.0% during the 4th quarter. LPL Financial LLC now owns 247,303 shares of the investment management company’s stock worth $2,940,000 after purchasing an additional 107,583 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco Value Municipal Income Trust during the fourth quarter worth about $2,310,000. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

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.