Invvlu Mu Incm (NYSE:IIM) Short Interest Up 60.7% in May

Invvlu Mu Incm (NYSE:IIM) was the target of a large increase in short interest in 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. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 115,544 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Invvlu Mu Incm

A number of large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors bought a new stake in shares of Invvlu Mu Incm in the 1st quarter worth about $2,849,000. Guggenheim Capital LLC increased its holdings in shares of Invvlu Mu Incm by 23.0% in the 4th quarter. Guggenheim Capital LLC now owns 1,119,319 shares of the investment management company’s stock worth $13,790,000 after buying an additional 208,989 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in shares of Invvlu Mu Incm by 79.5% in the 4th quarter. Wagner Wealth Management LLC now owns 233,176 shares of the investment management company’s stock worth $2,873,000 after buying an additional 103,238 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Invvlu Mu Incm by 246.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 81,747 shares of the investment management company’s stock worth $979,000 after buying an additional 58,134 shares during the last quarter. Finally, HRT Financial LP bought a new stake in shares of Invvlu Mu Incm in the 4th quarter worth about $656,000. 20.73% of the stock is currently owned by institutional investors.

Invvlu Mu Incm Stock Performance

NYSE:IIM opened at $12.52 on Wednesday. Invvlu Mu Incm has a fifty-two week low of $11.20 and a fifty-two week high of $13.17. The firm has a 50-day simple moving average of $12.29 and a two-hundred day simple moving average of $12.44.

Invvlu Mu Incm Dividend Announcement

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 paid 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%.

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.