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 October. As of October 30th, there was short interest totaling 29,741 shares, an increase of 141.2% from the October 15th total of 12,328 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 204,821 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Invvlu Mu Incm

Several institutional investors have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in Invvlu Mu Incm during the second quarter valued at approximately $34,000. Principle Wealth Partners LLC acquired a new position in Invvlu Mu Incm in the 3rd quarter valued at approximately $105,000. Susquehanna International Group LLP acquired a new position in Invvlu Mu Incm in the 2nd quarter valued at approximately $146,000. Maridea Wealth Management LLC purchased a new stake in Invvlu Mu Incm in the 2nd quarter worth approximately $155,000. Finally, Quantinno Capital Management LP purchased a new stake in Invvlu Mu Incm in the 1st quarter worth approximately $150,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Trading Down 0.8%

NYSE IIM traded down $0.09 during trading on Friday, reaching $10.97. 206,561 shares of the company’s stock were exchanged, compared to its average volume of 164,711. Invvlu Mu Incm has a fifty-two week low of $10.27 and a fifty-two week high of $13.17. The company’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $12.22.

Invvlu Mu Incm Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 8.4%. This is a negative change from Invvlu Mu Incm’s previous monthly dividend of $0.0771. The ex-dividend date of this dividend is Monday, November 16th.

About Invvlu Mu Incm

Invesco Municipal Income Opportunities Trust is a closed-end investment fund that seeks to provide income exempt from regular U.S. federal income tax while aiming to preserve capital. It invests primarily in municipal securities issued by U.S. states, local governments and related public entities. The fund’s portfolio may include bonds financing public services and infrastructure, such as schools, utilities and transportation projects. Its income and investment risks depend on the securities it holds and the financial condition of their issuers.