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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) saw 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 days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $30,695,225. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 253,434 shares of company stock worth $2,790,263.

Hedge Funds Weigh In On Invesco Pennsylvania Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VPV. Sanctuary Advisors LLC acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at $113,000. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 12,805 shares during the last quarter. Haverford Trust Co acquired a new stake in shares of Invesco Pennsylvania Value Municipal Income Trust in the 3rd quarter valued at $343,000. Blue Bell Private Wealth Management LLC raised its holdings in Invesco Pennsylvania Value Municipal Income Trust by 20.6% in 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 acquiring an additional 7,469 shares during the period. Finally, City of London Investment Management Co. Ltd. raised its holdings in 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 worth $669,000 after acquiring an additional 10,000 shares during the period.

Invesco Pennsylvania Value Municipal Income Trust Trading Up 0.8 %

Invesco Pennsylvania Value Municipal Income Trust stock traded up $0.09 during mid-day trading on Friday, hitting $11.31. The company’s stock had a trading volume of 38,056 shares, compared to its average volume of 38,680. Invesco Pennsylvania Value Municipal Income Trust has a twelve month low of $9.63 and a twelve month high of $11.40. The stock’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $10.94.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

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

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.