Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Short Interest Down 31.3% in November

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 18,200 shares, a drop of 31.3% from the October 31st total of 26,500 shares. Based on an average daily volume of 45,300 shares, the short-interest ratio is presently 0.4 days.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of NYSE:VPV traded up $0.09 during trading on Friday, hitting $11.31. 38,056 shares of the stock were exchanged, compared to its average volume of 38,680. The company has a fifty day moving average price of $11.15 and a two-hundred day moving average price of $10.94. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $9.63 and a 12-month high of $11.40.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0667 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date is Friday, November 15th.

Insider Activity at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.10, for a total value of $123,076.80. Following the transaction, the insider now owns 2,388,625 shares in the company, valued at $26,513,737.50. The trade was a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 253,434 shares of company stock worth $2,790,263.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at $113,000. Rivernorth Capital Management LLC lifted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 0.9% during the third quarter. Rivernorth Capital Management LLC now owns 479,204 shares of the financial services provider’s stock worth $5,420,000 after purchasing an additional 4,203 shares during the last quarter. Haverford Trust Co bought a new position in shares of Invesco Pennsylvania Value Municipal Income Trust during the third quarter worth about $343,000. International Assets Investment Management LLC lifted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% during the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 12,805 shares during the last quarter. Finally, Almitas Capital LLC lifted its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 3,765 shares during the last quarter.

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.