Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Sees Significant Decrease in Short Interest

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 18,900 shares, a decline of 55.5% from the December 15th total of 42,500 shares. Based on an average trading volume of 70,400 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of VPV opened at $10.14 on Tuesday. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $9.84 and a fifty-two week high of $11.41. The firm has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $10.96.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0667 per share. The ex-dividend date is Friday, January 17th. This represents a $0.80 dividend on an annualized basis and a yield of 7.89%.

Insider Buying and Selling

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 56,200 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $11.01, for a total value of $618,762.00. Following the transaction, the insider now directly owns 2,826,905 shares in the company, valued at $31,124,224.05. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 253,434 shares of company stock worth $2,790,263 over the last 90 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VPV. Rivernorth Capital Management LLC raised its position in Invesco Pennsylvania Value Municipal Income Trust by 12.6% in the third quarter. Rivernorth Capital Management LLC now owns 534,737 shares of the financial services provider’s stock worth $6,048,000 after acquiring an additional 59,736 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at about $113,000. Haverford Trust Co acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the third quarter valued at about $343,000. International Assets Investment Management LLC boosted its holdings in 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 buying an additional 12,805 shares in the last quarter. Finally, Almitas Capital LLC grew its position in 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 buying an additional 3,765 shares during the period.

Invesco Pennsylvania Value Municipal Income Trust 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.