Invesco Value Municipal Income Trust (NYSE:IIM) Short interest down 64.3% in March


Invesco Value Municipal Income Trust (NYSE:IIM – Get Rating) was the target of a sharp drop in short-term interest rates in March. As of March 31, there was short interest totaling 17,900 shares, down 64.3% from the March 15 total of 50,100 shares. Based on an average daily trading volume of 169,800 shares, the short interest ratio is currently 0.1 day.

Shares of Invesco Value Municipal Income Trust traded down $0.29 midday Friday, hitting $13.24. 147,944 shares of the stock have been traded, compared to its average volume of 207,493. The company has a fifty-day moving average price of $14.34 and a two-hundred-day moving average price of 15.57 $. Invesco Value Municipal Income Trust has a fifty-two week low of $13.22 and a fifty-two week high of $17.29.

The company also recently announced a monthly dividend, which will be paid on Friday, April 29. Shareholders of record on Monday, April 18 will receive a dividend of $0.0627 per share. This represents a dividend of $0.75 on an annualized basis and a yield of 5.68%. The ex-dividend date is Thursday, April 14.

In other news from Invesco Value Municipal Income Trust, portfolio manager Timothy M. O’reilly sold 1,925 shares of the company in a trade dated Monday, April 11. The shares were sold at an average price of $13.54, for a total transaction of $26,064.50. Following completion of the transaction, the portfolio manager now directly owns 1,945 shares of the company, valued at approximately $26,335.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders hold 6.05% of the shares of the company.

Several large investors have recently changed their holdings in IIM. Geneos Wealth Management Inc. increased its stake in shares of Invesco Value Municipal Income Trust by 46.8% in the third quarter. Geneos Wealth Management Inc. now owns 4,258 shares of the investment management firm worth $69,000 after acquiring 1,358 additional shares during the period. Orion Portfolio Solutions LLC purchased a new equity stake in Invesco Value Municipal Income Trust in Q3 for approximately $196,000. Envestnet Asset Management Inc. purchased a new equity stake in Invesco Value Municipal Income Trust in Q4 for a value of approximately $201,000. Avantax Advisory Services Inc. increased its holdings of Invesco Value Municipal Income Trust shares by 18.4% in the third quarter. Avantax Advisory Services Inc. now owns 12,898 shares of the investment management company worth $212,000 after buying an additional 2,000 shares last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Invesco Value Municipal Income Trust by 6.5% in the third quarter. HighTower Advisors LLC now owns 14,115 shares of the investment management company worth $230,000 after buying 856 additional shares in the last quarter. 12.65% of the shares are held by institutional investors.

Invesco Value Municipal Income Trust Company Profile (Get an evaluation)

Invesco Value Municipal Income Trust is a closed-end 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 US fixed income markets.

Featured Articles



Receive daily news and reviews for Invesco Value Municipal Income Trust – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Invesco Value Municipal Income Trust and related companies with MarketBeat.com’s FREE daily email newsletter.