Invvlu Mu Incm (NYSE:IIM) Sees Large Increase in Short Interest

Invvlu Mu Incm (NYSE:IIM) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 118,249 shares, an increase of 60.7% from the May 14th total of 73,573 shares. Based on an average trading volume of 115,544 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Invvlu Mu Incm Trading Down 0.2%

Shares of IIM traded down $0.03 during midday trading on Tuesday, hitting $12.52. The stock had a trading volume of 13,010 shares, compared to its average volume of 137,957. The stock’s 50 day moving average is $12.28 and its 200 day moving average is $12.43. Invvlu Mu Incm has a 1 year low of $11.20 and a 1 year high of $13.17.

Invvlu Mu Incm Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0771 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Invvlu Mu Incm by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock worth $304,000 after purchasing an additional 1,100 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Invvlu Mu Incm by 0.8% in the fourth quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock worth $1,939,000 after purchasing an additional 1,211 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Invvlu Mu Incm by 11.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,769 shares during the last quarter. Hollencrest Capital Management grew its holdings in shares of Invvlu Mu Incm by 12.5% in the first quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock worth $221,000 after purchasing an additional 2,013 shares during the last quarter. Finally, Uniting Wealth Partners LLC grew its holdings in shares of Invvlu Mu Incm by 20.5% in the third quarter. Uniting Wealth Partners LLC now owns 13,686 shares of the investment management company’s stock worth $172,000 after purchasing an additional 2,333 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors.

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.