Invvlu Mu Incm (NYSE:IIM) Short Interest Up 78.1% in July

Invvlu Mu Incm (NYSE:IIM) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 267,493 shares, an increase of 78.1% from the June 30th total of 150,154 shares. Based on an average trading volume of 94,083 shares, the short-interest ratio is currently 2.8 days. Currently, 0.6% of the company’s stock are sold short.

Invvlu Mu Incm Stock Performance

NYSE:IIM traded down $0.01 during trading hours on Friday, reaching $12.52. The company’s stock had a trading volume of 96,038 shares, compared to its average volume of 91,935. Invvlu Mu Incm has a 12 month low of $11.33 and a 12 month high of $13.17. The stock has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $12.51.

Invvlu Mu Incm Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a $0.0771 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date was Tuesday, July 14th.

Institutional Investors Weigh In On Invvlu Mu Incm

Several institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Invvlu Mu Incm by 63.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company’s stock worth $14,805,000 after purchasing an additional 450,450 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Invvlu Mu Incm in the 1st quarter valued at about $2,849,000. Quantinno Capital Management LP acquired a new stake in shares of Invvlu Mu Incm during the 1st quarter worth approximately $150,000. Cetera Investment Advisers grew its position in Invvlu Mu Incm by 8.3% during the first quarter. Cetera Investment Advisers now owns 170,394 shares of the investment management company’s stock valued at $2,072,000 after buying an additional 13,028 shares during the period. Finally, Hollencrest Capital Management increased its stake in shares of Invvlu Mu Incm by 12.5% in the 1st quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock valued at $221,000 after purchasing an additional 2,013 shares in the last quarter. Institutional investors and hedge funds own 20.73% of the company’s stock.

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.