Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Decreases By 39.0%

Invesco Value Municipal Income Trust (NYSE:IIM) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 43,200 shares, a decrease of 39.0% from the December 15th total of 70,800 shares. Based on an average trading volume of 77,500 shares, the days-to-cover ratio is presently 0.6 days.

Shares of IIM stock traded up $0.12 during trading hours on Thursday, hitting $15.68. 58,294 shares of the company’s stock were exchanged, compared to its average volume of 94,562. The stock’s 50-day moving average is $15.52 and its 200-day moving average is $15.05. Invesco Value Municipal Income Trust has a 52 week low of $10.56 and a 52 week high of $16.01.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be issued a dividend of $0.064 per share. This represents a $0.77 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, January 14th. This is a boost from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.06.

Several hedge funds have recently made changes to their positions in the company. Private Wealth Strategies L.L.C. raised its holdings in shares of Invesco Value Municipal Income Trust by 1.6% during the 3rd quarter. Private Wealth Strategies L.L.C. now owns 43,433 shares of the investment management company’s stock worth $639,000 after buying an additional 675 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Invesco Value Municipal Income Trust by 13.4% in the second quarter. AdvisorNet Financial Inc now owns 11,850 shares of the investment management company’s stock worth $171,000 after purchasing an additional 1,400 shares during the last quarter. Ackerman Capital Advisors LLC increased its position in shares of Invesco Value Municipal Income Trust by 9.7% during the third quarter. Ackerman Capital Advisors LLC now owns 17,611 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 1,559 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco Value Municipal Income Trust by 0.7% during the third quarter. Wells Fargo & Company MN now owns 313,553 shares of the investment management company’s stock valued at $4,613,000 after acquiring an additional 2,200 shares during the last quarter. Finally, CWM LLC grew its holdings in Invesco Value Municipal Income Trust by 1,233.3% during the third quarter. CWM LLC now owns 4,000 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 3,700 shares during the period.

About Invesco Value Municipal Income Trust

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.

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