Short Interest in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Increases By 348.3%

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 26,000 shares, a growth of 348.3% from the April 30th total of 5,800 shares. Based on an average trading volume of 48,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company's stock are sold short.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 9.1% in the fourth quarter. Cetera Investment Advisers now owns 14,099 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,172 shares during the period. LPL Financial LLC boosted its stake in Invesco Pennsylvania Value Municipal Income Trust by 5.0% in the 4th quarter. LPL Financial LLC now owns 38,626 shares of the financial services provider's stock worth $397,000 after buying an additional 1,826 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in Invesco Pennsylvania Value Municipal Income Trust by 9.5% in the 1st quarter. Journey Strategic Wealth LLC now owns 23,004 shares of the financial services provider's stock valued at $234,000 after buying an additional 2,000 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 18.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,590 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 3,000 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 31.9% during the 1st quarter. BLB&B Advisors LLC now owns 29,554 shares of the financial services provider's stock valued at $301,000 after acquiring an additional 7,155 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.4%

NYSE:VPV traded down $0.04 during mid-day trading on Tuesday, reaching $9.86. 21,464 shares of the stock were exchanged, compared to its average volume of 51,437. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $9.50 and a 1 year high of $11.41. The company has a 50 day simple moving average of $9.91 and a 200-day simple moving average of $10.31.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a $0.0667 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Tuesday, June 17th.

About Invesco Pennsylvania Value Municipal Income Trust

Invesco Pennsylvania 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.