Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Up 362.8% in August

Invesco Value Municipal Income Trust (NYSE:IIM) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 100,900 shares, an increase of 362.8% from the August 15th total of 21,800 shares. Based on an average daily volume of 100,500 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Invesco Value Municipal Income Trust

A number of hedge funds have recently bought and sold shares of IIM. Envestnet Asset Management Inc. raised its stake in shares of Invesco Value Municipal Income Trust by 22.8% in the first quarter. Envestnet Asset Management Inc. now owns 14,474 shares of the investment management company’s stock valued at $202,000 after acquiring an additional 2,689 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Invesco Value Municipal Income Trust in the first quarter valued at $351,000. NewEdge Advisors LLC raised its stake in shares of Invesco Value Municipal Income Trust by 32.9% in the first quarter. NewEdge Advisors LLC now owns 36,145 shares of the investment management company’s stock valued at $504,000 after acquiring an additional 8,943 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Invesco Value Municipal Income Trust in the first quarter valued at $335,000. Finally, UBS Group AG raised its stake in shares of Invesco Value Municipal Income Trust by 8.1% in the first quarter. UBS Group AG now owns 378,886 shares of the investment management company’s stock valued at $5,282,000 after acquiring an additional 28,318 shares during the period. Hedge funds and other institutional investors own 18.33% of the company’s stock.

Invesco Value Municipal Income Trust Stock Performance

Shares of NYSE:IIM opened at $11.11 on Friday. The firm has a fifty day moving average price of $11.64 and a 200 day moving average price of $11.76. Invesco Value Municipal Income Trust has a fifty-two week low of $10.86 and a fifty-two week high of $12.99.

Invesco Value Municipal Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.0441 per share. This represents a $0.53 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Thursday, September 14th.

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.