Short Interest in Invvlu Mu Incm (NYSE:IIM) Rises By 202.4%

Invvlu Mu Incm (NYSE:IIM) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 125,278 shares, a growth of 202.4% from the January 29th total of 41,433 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 150,817 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 150,817 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Invvlu Mu Incm

Several large investors have recently bought and sold shares of the business. D.A. Davidson & CO. lifted its stake in 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 valued at $873,000 after buying an additional 59,280 shares during the period. Cetera Investment Advisers increased its stake in shares of Invvlu Mu Incm by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock valued at $1,843,000 after acquiring an additional 12,147 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Invvlu Mu Incm by 13.5% in 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 acquiring an additional 98,759 shares during the period. Gridiron Partners LLC raised its position in shares of 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 valued at $1,891,000 after acquiring an additional 121,909 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Invvlu Mu Incm during the 2nd quarter worth approximately $225,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Trading Down 0.1%

Shares of IIM traded down $0.01 during trading hours on Thursday, hitting $13.04. 67,684 shares of the stock traded hands, compared to its average volume of 131,113. The business has a fifty day moving average of $12.46 and a 200-day moving average of $12.37. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $13.10.

Invvlu Mu Incm Announces Dividend

The firm 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. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Invvlu Mu Incm Company Profile

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.