Short Interest in Inv Vk Pa Valu (NYSE:VPV) Drops By 41.2%

Inv Vk Pa Valu (NYSE:VPV) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 48,282 shares, a decline of 41.2% from the May 14th total of 82,069 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 27,546 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Inv Vk Pa Valu

Several institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in Inv Vk Pa Valu in the 1st quarter valued at about $236,000. Bank of America Corp DE grew its position in Inv Vk Pa Valu by 1.7% in the 1st quarter. Bank of America Corp DE now owns 82,028 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 1,386 shares in the last quarter. Royal Bank of Canada grew its position in Inv Vk Pa Valu by 26.1% in the 1st quarter. Royal Bank of Canada now owns 22,640 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 4,689 shares in the last quarter. Alpine Global Management LLC grew its position in Inv Vk Pa Valu by 2.8% in the 4th quarter. Alpine Global Management LLC now owns 45,284 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in Inv Vk Pa Valu in the 4th quarter valued at about $41,000.

Inv Vk Pa Valu Stock Down 0.8%

VPV traded down $0.09 on Monday, hitting $11.28. The company had a trading volume of 25,114 shares, compared to its average volume of 28,831. Inv Vk Pa Valu has a 1 year low of $9.81 and a 1 year high of $11.50. The company’s fifty day moving average price is $10.90 and its 200 day moving average price is $10.71.

Inv Vk Pa Valu Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0667 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, June 15th.

About Inv Vk Pa Valu

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.