Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Short Interest Update

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 22,900 shares, a drop of 28.7% from the March 15th total of 32,100 shares. Based on an average trading volume of 67,300 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of NYSE:VPV opened at $9.70 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $9.50 and a 1 year high of $11.41. The business has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $10.60.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.0667 per share. The ex-dividend date is Wednesday, April 16th. This represents a $0.80 dividend on an annualized basis and a yield of 8.25%.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust during the 4th quarter worth approximately $298,000. Avantax Advisory Services Inc. bought a new position in Invesco Pennsylvania Value Municipal Income Trust during the fourth quarter valued at $261,000. Sanctuary Advisors LLC bought a new position in Invesco Pennsylvania Value Municipal Income Trust during the third quarter valued at $113,000. Robinson Capital Management LLC purchased a new stake in Invesco Pennsylvania Value Municipal Income Trust in the fourth quarter worth $1,743,000. Finally, Yakira Capital Management Inc. raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 26.3% in the fourth quarter. Yakira Capital Management Inc. now owns 59,968 shares of the financial services provider’s stock valued at $617,000 after buying an additional 12,492 shares during the period.

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.