Invvlu Mu Incm (NYSE:IIM) Stock Short Interest Report for October

Invvlu Mu Incm (NYSE:IIM) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 12,328 shares, a decline of 68.4% from the September 30th total of 39,043 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 243,557 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IIM. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Invvlu Mu Incm by 63.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company’s stock valued at $14,805,000 after acquiring an additional 450,450 shares during the period. Bank of America Corp DE acquired a new position in Invvlu Mu Incm in the 2nd quarter worth approximately $9,075,000. Van ECK Associates Corp grew its position in Invvlu Mu Incm by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 269,300 shares of the investment management company’s stock worth $3,428,000 after purchasing an additional 7,307 shares in the last quarter. Wagner Wealth Management LLC grew its position in Invvlu Mu Incm by 9.8% during the 1st quarter. Wagner Wealth Management LLC now owns 256,097 shares of the investment management company’s stock worth $3,114,000 after purchasing an additional 22,921 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Invvlu Mu Incm during the 1st quarter worth approximately $2,849,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Price Performance

Shares of IIM opened at $11.24 on Wednesday. The business’s 50-day moving average price is $11.62 and its 200 day moving average price is $12.30. Invvlu Mu Incm has a 1-year low of $10.27 and a 1-year high of $13.17.

Invvlu Mu Incm Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.0771 per share. This is a boost from Invvlu Mu Incm’s previous monthly dividend of $0.0771. This represents a $0.93 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Wednesday, October 14th.

About Invvlu Mu Incm

Invesco Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol IIM. The fund seeks to provide current income that is exempt from federal income tax by investing primarily in a diversified portfolio of municipal securities.

The trust may invest in bonds and other debt obligations issued by states, municipalities, and related public entities in the United States. Its portfolio can include securities financing public infrastructure and essential services, such as transportation, utilities, education, health care, and housing.