Inv Vk Pa Valu (NYSE:VPV) Sees Large Decrease in Short Interest

Inv Vk Pa Valu (NYSE:VPV) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 36,587 shares, a decline of 41.2% from the June 15th total of 62,227 shares. Based on an average daily volume of 43,087 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Inv Vk Pa Valu

A number of institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. raised its stake in Inv Vk Pa Valu by 39.1% in the second quarter. Baird Financial Group Inc. now owns 48,127 shares of the financial services provider’s stock valued at $484,000 after buying an additional 13,519 shares during the last quarter. Raymond James Financial Inc. lifted its stake 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. Bank of America Corp DE lifted its stake in Inv Vk Pa Valu by 8.8% in the second quarter. Bank of America Corp DE now owns 111,006 shares of the financial services provider’s stock worth $1,117,000 after acquiring an additional 9,017 shares during the last quarter. Alpine Global Management LLC purchased a new position in Inv Vk Pa Valu in the third quarter valued at approximately $455,000. Finally, River Street Advisors LLC purchased a new position in shares of Inv Vk Pa Valu during the fourth quarter worth approximately $121,000.

Inv Vk Pa Valu Price Performance

VPV traded down $0.06 during midday trading on Thursday, hitting $11.17. 26,645 shares of the company’s stock traded hands, compared to its average volume of 32,603. The stock’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $10.84. Inv Vk Pa Valu has a one year low of $9.87 and a one year high of $11.50.

Inv Vk Pa Valu Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be issued a dividend of $0.0667 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) annualized dividend and a yield of 7.2%.

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.