Short Interest in Invesco Value Municipal Income Trust (NYSE:IIM) Increases By 84.1%

Invesco Value Municipal Income Trust (NYSE:IIM - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 218,400 shares, an increase of 84.1% from the April 30th total of 118,600 shares. Based on an average daily volume of 144,600 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company's shares are sold short.

Institutional Trading of Invesco Value Municipal Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIM. Catalina Capital Group LLC raised its position in Invesco Value Municipal Income Trust by 8.9% in the fourth quarter. Catalina Capital Group LLC now owns 22,641 shares of the investment management company's stock valued at $269,000 after purchasing an additional 1,857 shares during the period. Van ECK Associates Corp raised its position in Invesco Value Municipal Income Trust by 28.3% in the fourth quarter. Van ECK Associates Corp now owns 351,719 shares of the investment management company's stock valued at $4,182,000 after purchasing an additional 77,513 shares during the period. Allworth Financial LP raised its position in 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 purchasing an additional 1,705 shares during the period. D.A. Davidson & CO. increased its position in shares of Invesco Value Municipal Income Trust by 13.9% during the fourth quarter. D.A. Davidson & CO. now owns 12,258 shares of the investment management company's stock worth $146,000 after acquiring an additional 1,500 shares during the period. Finally, Robinson Capital Management LLC raised its stake in shares of Invesco Value Municipal Income Trust by 19.4% in the fourth quarter. Robinson Capital Management LLC now owns 642,440 shares of the investment management company's stock valued at $7,639,000 after acquiring an additional 104,296 shares in the last quarter. Hedge funds and other institutional investors own 20.73% of the company's stock.

Invesco Value Municipal Income Trust Stock Down 0.4%

NYSE IIM traded down $0.05 on Monday, reaching $11.65. The stock had a trading volume of 124,163 shares, compared to its average volume of 147,671. Invesco Value Municipal Income Trust has a 12-month low of $10.96 and a 12-month high of $13.10. The stock has a fifty day moving average price of $11.75 and a two-hundred day moving average price of $12.04.

Invesco Value Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend was Friday, May 16th.

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.