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

Invvlu Mu Incm (NYSE:IIM) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 41,433 shares, a decline of 34.4% from the January 15th total of 63,159 shares. Based on an average trading volume of 132,798 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 132,798 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Invvlu Mu Incm

Several large investors have recently made changes to their positions in IIM. Curio Wealth LLC boosted its position in shares of Invvlu Mu Incm by 115,000.0% during the 2nd quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 2,300 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Invvlu Mu Incm in the 4th quarter valued at approximately $43,000. Atlantic Union Bankshares Corp acquired a new position in Invvlu Mu Incm in the 2nd quarter valued at approximately $50,000. Smartleaf Asset Management LLC purchased a new stake in Invvlu Mu Incm in the 3rd quarter worth approximately $54,000. Finally, Allworth Financial LP lifted its position in Invvlu Mu Incm by 132.6% in the 2nd quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after buying an additional 3,035 shares in the last quarter. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invvlu Mu Incm Price Performance

IIM stock traded up $0.03 during midday trading on Friday, hitting $12.82. 246,306 shares of the company’s stock were exchanged, compared to its average volume of 129,492. The firm has a 50 day moving average price of $12.40 and a 200-day moving average price of $12.29. Invvlu Mu Incm has a 12-month low of $10.96 and a 12-month high of $12.88.

Invvlu Mu Incm Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, February 17th.

About Invvlu Mu Incm

Invesco 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 municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.