Invvlu Mu Incm (NYSE:IIM) Short Interest Update

Invvlu Mu Incm (NYSE:IIM) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 407,126 shares, a growth of 72.3% from the February 26th total of 236,322 shares. Based on an average daily volume of 198,281 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invvlu Mu Incm

Several institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. lifted its position in shares of Invvlu Mu Incm by 577.9% in the third quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock worth $873,000 after buying an additional 59,280 shares in the last quarter. Cetera Investment Advisers grew its holdings in Invvlu Mu Incm by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock valued at $1,843,000 after buying an additional 12,147 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Invvlu Mu Incm by 13.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock valued at $10,387,000 after buying an additional 98,759 shares in the last quarter. Gridiron Partners LLC increased its stake in Invvlu Mu Incm by 424.2% in the 3rd quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company’s stock worth $1,891,000 after acquiring an additional 121,909 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its stake in Invvlu Mu Incm by 82.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 129,938 shares of the investment management company’s stock worth $1,631,000 after acquiring an additional 58,561 shares during the last quarter. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invvlu Mu Incm Stock Down 0.8%

NYSE IIM traded down $0.10 during trading hours on Friday, reaching $11.97. The company’s stock had a trading volume of 171,145 shares, compared to its average volume of 187,891. The firm’s 50-day moving average price is $12.64 and its 200-day moving average price is $12.53. Invvlu Mu Incm has a 1 year low of $10.96 and a 1 year high of $13.17.

Invvlu Mu Incm Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.0771 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, March 16th.

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.