Short Interest in Inv Vk Pa Valu (NYSE:VPV) Expands By 62.5%

Inv Vk Pa Valu (NYSE:VPV) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 62,771 shares, a growth of 62.5% from the July 30th total of 38,627 shares. Based on an average daily trading volume, of 32,648 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.4% of the shares of the company are sold short.

Inv Vk Pa Valu Stock Performance

VPV traded down $0.06 during trading on Monday, hitting $11.23. The stock had a trading volume of 53,768 shares, compared to its average volume of 31,478. Inv Vk Pa Valu has a 12 month low of $9.88 and a 12 month high of $11.50. The company has a 50 day simple moving average of $11.12 and a 200-day simple moving average of $10.94.

Inv Vk Pa Valu Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, August 17th.

Hedge Funds Weigh In On Inv Vk Pa Valu

Large investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. acquired a new position in shares of Inv Vk Pa Valu during the 4th quarter worth about $41,000. Royal Bank of Canada grew its holdings in Inv Vk Pa Valu by 21.8% in the 4th quarter. Royal Bank of Canada now owns 17,951 shares of the financial services provider’s stock valued at $188,000 after buying an additional 3,217 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Inv Vk Pa Valu in the 1st quarter valued at approximately $236,000. HighTower Advisors LLC acquired a new stake in Inv Vk Pa Valu in the 2nd quarter valued at approximately $263,000. Finally, Raymond James Financial Inc. increased its position in Inv Vk Pa Valu by 40.5% in the 2nd quarter. Raymond James Financial Inc. now owns 31,439 shares of the financial services provider’s stock worth $316,000 after buying an additional 9,068 shares during the period.

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.