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

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

Insiders Place Their Bets

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was 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. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 253,434 shares of company stock worth $2,790,263 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Almitas Capital LLC lifted its stake in shares of 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 worth $1,666,000 after acquiring an additional 3,765 shares in the last quarter. Rivernorth Capital Management LLC lifted its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 0.9% in the third quarter. Rivernorth Capital Management LLC now owns 479,204 shares of the financial services provider’s stock worth $5,420,000 after acquiring an additional 4,203 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 7.1% during the second 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 buying an additional 6,257 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 20.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 43,679 shares of the financial services provider’s stock valued at $474,000 after buying an additional 7,469 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in Invesco Pennsylvania Value Municipal Income Trust by 19.4% during the second 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 buying an additional 10,000 shares in the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 1.3 %

NYSE:VPV opened at $10.91 on Friday. Invesco Pennsylvania Value Municipal Income Trust has a one year low of $9.84 and a one year high of $11.41. The business’s 50-day simple moving average is $11.13 and its 200 day simple moving average is $11.01.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

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

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.