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. Based on an average daily trading volume, of 115,544 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invvlu Mu Incm

Institutional investors have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Invvlu Mu Incm in the 4th quarter valued at $41,000. Aventura Private Wealth LLC purchased a new stake in shares of Invvlu Mu Incm in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC purchased a new stake in shares of Invvlu Mu Incm in the 3rd quarter valued at $54,000. Wedbush Securities Inc. purchased a new stake in shares of Invvlu Mu Incm in the 3rd quarter valued at $126,000. Finally, XTX Topco Ltd purchased a new stake in shares of Invvlu Mu Incm in the 2nd quarter valued at $134,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invvlu Mu Incm Price Performance

IIM stock opened at $12.49 on Thursday. Invvlu Mu Incm has a one year low of $11.20 and a one year high of $13.17. The firm has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $12.44.

Invvlu Mu Incm Announces Dividend

The firm also recently disclosed 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 of this dividend 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.