Invesco Senior Income Trust (NYSE:VVR) Shares Shorted: Short Interest Up 133.5% in October

Invesco Senior Income Trust (NYSE:VVR) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 306,244 shares, a growth of 133.5% from the September 30th total of 131,179 shares. Based on an average daily volume of 700,955 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Invesco Senior Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. increased its stake in shares of Invesco Senior Income Trust by 45.9% in the 2nd quarter. Wedbush Securities Inc. now owns 15,892 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,000 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its position in shares of Invesco Senior Income Trust by 16.3% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 56,837 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 7,961 shares during the period. Brookstone Capital Management lifted its position in shares of Invesco Senior Income Trust by 58.3% during the 3rd quarter. Brookstone Capital Management now owns 28,463 shares of the investment management company’s stock valued at $82,000 after acquiring an additional 10,479 shares during the period. Silverlake Wealth Management LLC bought a new position in Invesco Senior Income Trust during the second quarter worth $42,000. Finally, Byrne Asset Management LLC boosted its stake in Invesco Senior Income Trust by 3.6% during the third quarter. Byrne Asset Management LLC now owns 477,160 shares of the investment management company’s stock worth $1,374,000 after acquiring an additional 16,670 shares in the last quarter.

Invesco Senior Income Trust Stock Performance

Shares of Invesco Senior Income Trust stock opened at $2.86 on Friday. The stock’s 50-day moving average is $2.89 and its 200 day moving average is $3.04. Invesco Senior Income Trust has a one year low of $2.80 and a one year high of $3.38.

Invesco Senior Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were paid a $0.0290 dividend. This represents a $0.35 annualized dividend and a yield of 12.2%. This is a boost from Invesco Senior Income Trust’s previous monthly dividend of $0.0290. The ex-dividend date of this dividend was Wednesday, October 14th.

About Invesco Senior Income Trust

Invesco Senior Income Trust (NYSE: VVR) is a closed-end management investment company that seeks to provide a high level of current income while preserving capital as a secondary objective. The fund is managed by Invesco Ltd., a global investment management firm.

The trust invests primarily in senior secured floating-rate loans and other debt obligations issued by companies. These investments generally include loans made to below-investment-grade or unrated borrowers, whose interest payments typically adjust periodically based on prevailing short-term interest rates.