Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Declines By 85.2%

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 9,700 shares, a drop of 85.2% from the December 31st total of 65,400 shares. Based on an average daily volume of 173,500 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Invesco Value Municipal Income Trust by 233.3% in the third quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 1,400 shares in the last quarter. Signaturefd LLC grew its stake in Invesco Value Municipal Income Trust by 1,156.7% during the 3rd quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,325 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Invesco Value Municipal Income Trust during the 4th quarter worth about $54,000. Lauer Wealth LLC acquired a new stake in Invesco Value Municipal Income Trust in the 4th quarter valued at about $190,000. Finally, Catalina Capital Group LLC boosted its stake in shares of Invesco Value Municipal Income Trust by 8.9% in the 4th quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company’s stock valued at $269,000 after buying an additional 1,857 shares during the period. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invesco Value Municipal Income Trust Stock Down 0.0 %

Shares of NYSE:IIM traded down $0.01 during midday trading on Wednesday, reaching $11.96. 204,709 shares of the company’s stock were exchanged, compared to its average volume of 168,967. The firm’s 50 day simple moving average is $12.14 and its two-hundred day simple moving average is $12.45. Invesco Value Municipal Income Trust has a fifty-two week low of $11.28 and a fifty-two week high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.0771 per share. The ex-dividend date is Friday, January 17th. This represents a $0.93 annualized dividend and a dividend yield of 7.74%.

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.