Short Interest in Inv Vk Pa Valu (NYSE:VPV) Increases By 95.5%

Inv Vk Pa Valu (NYSE:VPV) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 82,069 shares, an increase of 95.5% from the April 30th total of 41,973 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 42,804 shares, the short-interest ratio is presently 1.9 days.

Inv Vk Pa Valu Stock Down 0.9%

VPV opened at $10.96 on Tuesday. The business’s 50 day moving average is $10.74 and its 200-day moving average is $10.66. Inv Vk Pa Valu has a twelve month low of $9.75 and a twelve month high of $11.31.

Inv Vk Pa Valu Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.0667 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Thursday, May 14th.

Institutional Investors Weigh In On Inv Vk Pa Valu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new stake in Inv Vk Pa Valu during the fourth quarter worth approximately $41,000. River Street Advisors LLC bought a new stake in Inv Vk Pa Valu during the fourth quarter worth approximately $121,000. Royal Bank of Canada raised its holdings in Inv Vk Pa Valu by 21.8% during the fourth quarter. Royal Bank of Canada now owns 17,951 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 3,217 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Inv Vk Pa Valu during the first quarter worth approximately $236,000. Finally, Raymond James Financial Inc. raised its holdings in Inv Vk Pa Valu by 40.5% during the second quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 9,068 shares in the last quarter.

Inv Vk Pa Valu 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. The fund primarily invests in investment grade Pennsylvania municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.