Short Interest in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Decreases By 15.3%

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 8,300 shares, a decline of 15.3% from the September 30th total of 9,800 shares. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is currently 0.3 days.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of NYSE VPV traded up $0.03 during mid-day trading on Wednesday, hitting $10.99. 36,445 shares of the stock were exchanged, compared to its average volume of 35,482. Invesco Pennsylvania Value Municipal Income Trust has a twelve month low of $8.65 and a twelve month high of $11.40. The stock’s fifty day simple moving average is $11.18 and its two-hundred day simple moving average is $10.79.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.0667 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.80 annualized dividend and a dividend yield of 7.28%.

Insider Transactions at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.00, for a total transaction of $400,730.00. Following the transaction, the insider now owns 2,790,475 shares of the company’s stock, valued at approximately $30,695,225. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in VPV. Almitas Capital LLC grew its stake in Invesco Pennsylvania Value Municipal Income Trust by 2.5% in the second quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after acquiring an additional 3,765 shares during the period. Bank of New York Mellon Corp grew its position in shares of Invesco Pennsylvania Value Municipal Income Trust by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,135 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 6,257 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 7,469 shares in the last quarter. City of London Investment Management Co. Ltd. raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock worth $669,000 after buying an additional 10,000 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the third quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after buying an additional 12,805 shares in the last quarter.

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.