Inv Vk Pa Valu (NYSE:VPV) Short Interest Update

Key Points

• Short interest surged 62.5% to 62,771 shares as of August 14, representing approximately 0.4% of VPV’s outstanding stock and a short-interest ratio of 1.9 days.
• Several institutional investors increased or initiated positions, including Raymond James Financial, which raised its holdings by 40.5%, and Royal Bank of Canada, which increased its position by 21.8%.
• VPV shares fell 0.5% to $11.23 in mid-day trading. The fund also declared a monthly dividend of $0.0667 per share, equivalent to a 7.1% annualized yield.

Inv Vk Pa Valu (NYSE:VPV - ) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 62,771 shares, a growth of 62.5% from the July 30th total of 38,627 shares. Approximately 0.4% of the company's stock are sold short. Based on an average daily volume of 32,648 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VPV. Mcguire Capital Advisors Inc. acquired a new stake in Inv Vk Pa Valu in the 4th quarter worth approximately $41,000. Royal Bank of Canada boosted its position in Inv Vk Pa Valu by 21.8% during the fourth quarter. Royal Bank of Canada now owns 17,951 shares of the financial services provider's stock worth $188,000 after purchasing an additional 3,217 shares during the period. NewEdge Advisors LLC acquired a new position in Inv Vk Pa Valu during the first quarter valued at approximately $236,000. HighTower Advisors LLC acquired a new position in Inv Vk Pa Valu during the second quarter valued at approximately $263,000. Finally, Raymond James Financial Inc. raised its position in shares of Inv Vk Pa Valu by 40.5% in the second quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider's stock valued at $316,000 after purchasing an additional 9,068 shares during the period.

Inv Vk Pa Valu Trading Down 0.5%

Inv Vk Pa Valu stock traded down $0.06 during mid-day trading on Monday, hitting $11.23. 53,768 shares of the company's stock were exchanged, compared to its average volume of 31,478. Inv Vk Pa Valu has a 1-year low of $9.88 and a 1-year high of $11.50. The stock has a 50 day moving average of $11.12 and a two-hundred day moving average of $10.94.

Inv Vk Pa Valu Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.0667 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Monday, August 17th.

Inv Vk Pa Valu Company Profile

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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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