Invvlu Mu Incm (NYSE:IIM) Sees Large Decline in Short Interest

Invvlu Mu Incm (NYSE:IIM) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 12,328 shares, a decline of 68.4% from the September 30th total of 39,043 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 243,557 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Invvlu Mu Incm

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in Invvlu Mu Incm during the second quarter worth approximately $34,000. Susquehanna International Group LLP bought a new position in shares of Invvlu Mu Incm during the 2nd quarter worth approximately $146,000. Equitable Holdings Inc. bought a new position in shares of Invvlu Mu Incm during the 2nd quarter worth approximately $149,000. Quantinno Capital Management LP acquired a new stake in shares of Invvlu Mu Incm during the 1st quarter worth approximately $150,000. Finally, Maridea Wealth Management LLC acquired a new stake in shares of Invvlu Mu Incm during the 2nd quarter worth approximately $155,000. 20.73% of the stock is owned by institutional investors.

Invvlu Mu Incm Price Performance

IIM stock traded up $0.20 during trading on Thursday, reaching $11.36. 127,801 shares of the company were exchanged, compared to its average volume of 232,781. The company has a 50-day moving average of $11.57 and a two-hundred day moving average of $12.28. Invvlu Mu Incm has a twelve month low of $10.27 and a twelve month high of $13.17.

Invvlu Mu Incm Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a $0.0771 dividend. This is a boost from Invvlu Mu Incm’s previous monthly dividend of $0.0771. The ex-dividend date is Wednesday, October 14th. This represents a $0.93 dividend on an annualized basis and a yield of 8.1%.

Invvlu Mu Incm Company Profile

Invesco Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol IIM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in a diversified portfolio of municipal securities.

The trust may invest in bonds and other debt obligations issued by states, municipalities, and related public entities in the United States. Its portfolio can include securities financing public infrastructure and essential services, such as transportation, utilities, education, health care, and housing.