Short Interest in Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Grows By 56.6%

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 28,500 shares, a growth of 56.6% from the November 15th total of 18,200 shares. Based on an average daily trading volume, of 52,300 shares, the days-to-cover ratio is currently 0.5 days.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.10, for a total transaction of $123,076.80. Following the transaction, the insider now directly owns 2,388,625 shares of the company’s stock, valued at $26,513,737.50. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 253,434 shares of company stock valued at $2,790,263.

Institutional Trading of Invesco Pennsylvania Value Municipal Income Trust

A number of large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Invesco Pennsylvania Value Municipal Income Trust in the third quarter valued at approximately $113,000. International Assets Investment Management LLC lifted its position in Invesco Pennsylvania Value Municipal Income Trust by 1,031.0% in the 3rd quarter. International Assets Investment Management LLC now owns 14,047 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 12,805 shares in the last quarter. Haverford Trust Co acquired a new position in Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter worth $343,000. Blue Bell Private Wealth Management LLC increased its holdings 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. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 19.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 61,590 shares of the financial services provider’s stock valued at $669,000 after purchasing an additional 10,000 shares during the period.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Invesco Pennsylvania Value Municipal Income Trust stock traded down $0.14 during mid-day trading on Friday, hitting $10.91. 58,332 shares of the company’s stock were exchanged, compared to its average volume of 40,296. The company’s 50 day simple moving average is $11.14 and its 200-day simple moving average is $11.01. Invesco Pennsylvania Value Municipal Income Trust has a fifty-two week low of $9.84 and a fifty-two week high of $11.41.

Invesco Pennsylvania Value Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0667 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Tuesday, December 17th.

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.