Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) Short Interest Down 55.5% in December

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

Insider Buying and Selling

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 36,430 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $11.00, for a total transaction of $400,730.00. Following the sale, the insider now directly owns 2,790,475 shares of the company’s stock, valued at $30,695,225. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 253,434 shares of company stock worth $2,790,263 in the last ninety days.

Institutional Investors Weigh In On Invesco Pennsylvania Value Municipal Income Trust

Several hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC grew its holdings 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 valued at $6,048,000 after purchasing an additional 59,736 shares during the period. Almitas Capital LLC grew its stake in shares of Invesco Pennsylvania Value Municipal Income Trust by 2.5% during the 2nd quarter. Almitas Capital LLC now owns 153,384 shares of the financial services provider’s stock valued at $1,666,000 after buying an additional 3,765 shares during the period. Whitebox Advisors LLC increased its holdings in shares of Invesco Pennsylvania Value Municipal Income Trust by 212.9% during the 2nd quarter. Whitebox Advisors LLC now owns 127,118 shares of the financial services provider’s stock worth $1,381,000 after buying an additional 86,489 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $1,022,000 after buying an additional 6,257 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its holdings in Invesco Pennsylvania Value Municipal Income Trust by 19.4% in 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 acquiring an additional 10,000 shares during the last quarter.

Invesco Pennsylvania Value Municipal Income Trust Price Performance

Shares of VPV opened at $10.14 on Tuesday. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $9.84 and a 1 year high of $11.41. The company’s 50 day simple moving average is $10.79 and its 200 day simple moving average is $10.96.

Invesco Pennsylvania Value Municipal Income Trust Dividend Announcement

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