Invesco Value Municipal Income Trust (NYSE:IIM) Short Interest Down 43.5% in May

Invesco Value Municipal Income Trust (NYSE:IIM - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 123,300 shares, a decrease of 43.5% from the May 15th total of 218,400 shares. Based on an average daily volume of 143,100 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

Invesco Value Municipal Income Trust Trading Down 0.3%

IIM traded down $0.04 during trading hours on Friday, reaching $11.66. The company's stock had a trading volume of 85,326 shares, compared to its average volume of 146,002. Invesco Value Municipal Income Trust has a fifty-two week low of $10.96 and a fifty-two week high of $13.10. The business's 50-day moving average is $11.70 and its 200-day moving average is $11.99.

Invesco Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.0771 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend is Tuesday, June 17th.

Institutional Trading of Invesco Value Municipal Income Trust

A number of large investors have recently modified their holdings of IIM. Raymond James Financial Inc. purchased a new position in shares of Invesco Value Municipal Income Trust during the fourth quarter worth about $2,310,000. LPL Financial LLC lifted its position in shares of Invesco Value Municipal Income Trust by 77.0% during the 4th quarter. LPL Financial LLC now owns 247,303 shares of the investment management company's stock valued at $2,940,000 after acquiring an additional 107,583 shares during the period. Robinson Capital Management LLC lifted its position in shares of Invesco Value Municipal Income Trust by 19.4% during the 4th 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 during the period. LexAurum Advisors LLC acquired a new stake in shares of Invesco Value Municipal Income Trust during the 1st quarter valued at approximately $1,104,000. Finally, Bank of America Corp DE lifted its position in shares of Invesco Value Municipal Income Trust by 5.5% during the 4th quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company's stock valued at $19,896,000 after acquiring an additional 87,776 shares during the period. Hedge funds and other institutional investors own 20.73% of the company's stock.

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.