Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Expands By 200.0%

Invesco Value Municipal Income Trust (NYSE:IIMGet Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 53,700 shares, an increase of 200.0% from the March 31st total of 17,900 shares. Based on an average daily trading volume, of 171,400 shares, the days-to-cover ratio is currently 0.3 days.

Shares of NYSE IIM traded down $0.06 during midday trading on Thursday, hitting $12.71. The stock had a trading volume of 203,776 shares, compared to its average volume of 171,546. The company’s 50-day simple moving average is $14.00 and its 200 day simple moving average is $15.36. Invesco Value Municipal Income Trust has a fifty-two week low of $12.68 and a fifty-two week high of $17.29.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be paid a dividend of $0.0627 per share. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.92%.

In related news, Portfolio Manager Timothy M. O’reilly sold 1,925 shares of the business’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of $13.54, for a total value of $26,064.50. Following the sale, the portfolio manager now owns 1,945 shares of the company’s stock, valued at approximately $26,335.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.05% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in IIM. Morgan Stanley grew its stake in shares of Invesco Value Municipal Income Trust by 15.9% during the second quarter. Morgan Stanley now owns 333,284 shares of the investment management company’s stock worth $5,496,000 after purchasing an additional 45,677 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Invesco Value Municipal Income Trust by 46.8% during the third quarter. Geneos Wealth Management Inc. now owns 4,258 shares of the investment management company’s stock worth $69,000 after purchasing an additional 1,358 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Invesco Value Municipal Income Trust during the third quarter worth $196,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Value Municipal Income Trust by 75.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 795,485 shares of the investment management company’s stock worth $12,974,000 after purchasing an additional 342,539 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Invesco Value Municipal Income Trust by 6.5% during the third quarter. HighTower Advisors LLC now owns 14,115 shares of the investment management company’s stock worth $230,000 after purchasing an additional 856 shares during the period. 12.65% of the stock is owned by institutional investors and hedge funds.

Invesco Value Municipal Income Trust Company Profile (Get Rating)

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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