Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 211.9% in February

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 84,200 shares, a growth of 211.9% from the January 31st total of 27,000 shares. Based on an average daily volume of 180,400 shares, the short-interest ratio is currently 0.5 days.

Invesco Value Municipal Income Trust Price Performance

NYSE:IIM traded up $0.03 during mid-day trading on Friday, hitting $12.47. 204,976 shares of the company’s stock traded hands, compared to its average volume of 166,347. The firm has a 50 day moving average of $12.08 and a two-hundred day moving average of $12.43. Invesco Value Municipal Income Trust has a 12 month low of $11.28 and a 12 month high of $13.10.

Invesco Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.0771 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.93 annualized dividend and a dividend yield of 7.42%.

Hedge Funds Weigh In On Invesco Value Municipal Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of IIM. Larson Financial Group LLC boosted its holdings in Invesco Value Municipal Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,000 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the period. Allworth Financial LP lifted its stake in shares of Invesco Value Municipal Income Trust by 310.0% in the fourth quarter. Allworth Financial LP now owns 2,255 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,705 shares during the period. Signaturefd LLC lifted its stake in shares of Invesco Value Municipal Income Trust by 1,156.7% in the third quarter. Signaturefd LLC now owns 2,526 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,325 shares during the period. Curio Wealth LLC acquired a new stake in Invesco Value Municipal Income Trust during the fourth quarter worth about $32,000. Finally, Harbour Investments Inc. bought a new position in Invesco Value Municipal Income Trust during the fourth quarter valued at about $48,000. 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.