Invvlu Mu Incm (NYSE:IIM) Sees Significant Growth in Short Interest

Invvlu Mu Incm (NYSE:IIM) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 196,800 shares, an increase of 58.5% from the September 15th total of 124,200 shares. Based on an average trading volume of 149,000 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 149,000 shares, the short-interest ratio is currently 1.3 days.

Invvlu Mu Incm Stock Performance

IIM opened at $12.57 on Friday. Invvlu Mu Incm has a 1 year low of $10.96 and a 1 year high of $12.77. The stock’s 50 day simple moving average is $12.24 and its 200-day simple moving average is $11.83.

Invvlu Mu Incm Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.0771 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, October 16th.

Hedge Funds Weigh In On Invvlu Mu Incm

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its position in Invvlu Mu Incm by 13.5% in the third 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. D.A. Davidson & CO. boosted its stake in shares of Invvlu Mu Incm by 577.9% in the 3rd quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock valued at $873,000 after purchasing an additional 59,280 shares in the last quarter. Wagner Wealth Management LLC increased its position in shares of Invvlu Mu Incm by 82.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 129,938 shares of the investment management company’s stock worth $1,631,000 after purchasing an additional 58,561 shares in the last quarter. Davis Investment Partners LLC increased its position in shares of Invvlu Mu Incm by 2.0% during the 3rd quarter. Davis Investment Partners LLC now owns 41,436 shares of the investment management company’s stock worth $528,000 after purchasing an additional 802 shares in the last quarter. Finally, Gridiron Partners LLC boosted its position in Invvlu Mu Incm by 424.2% in the third quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company’s stock valued at $1,891,000 after buying an additional 121,909 shares in the last quarter. Institutional investors own 20.73% of the company’s stock.

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.