Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 38.1% in August

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 155,800 shares, a growth of 38.1% from the August 15th total of 112,800 shares. Based on an average trading volume of 119,400 shares, the days-to-cover ratio is currently 1.3 days.

Invesco Value Municipal Income Trust Trading Down 0.2 %

IIM traded down $0.02 during trading on Monday, hitting $12.97. The company’s stock had a trading volume of 116,770 shares, compared to its average volume of 124,896. The firm’s 50 day moving average price is $12.63 and its 200-day moving average price is $12.11. Invesco Value Municipal Income Trust has a twelve month low of $9.94 and a twelve month high of $13.10.

Invesco Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 17th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.93 dividend on an annualized basis and a yield of 7.13%.

Institutional Trading of Invesco Value Municipal Income Trust

A number of institutional investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust purchased a new position in Invesco Value Municipal Income Trust in the 4th quarter valued at about $77,000. TIAA Trust National Association bought a new position in shares of Invesco Value Municipal Income Trust during the second quarter worth about $152,000. Wedbush Securities Inc. lifted its position in shares of Invesco Value Municipal Income Trust by 17.7% during the second quarter. Wedbush Securities Inc. now owns 13,279 shares of the investment management company’s stock worth $164,000 after purchasing an additional 2,000 shares during the last quarter. Catalina Capital Group LLC bought a new position in shares of Invesco Value Municipal Income Trust during the second quarter worth about $265,000. Finally, Cetera Advisors LLC bought a new position in shares of Invesco Value Municipal Income Trust during the first quarter worth about $267,000. 20.73% of the stock is owned by hedge funds and other institutional investors.

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.