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

Invvlu Mu Incm (NYSE:IIM) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 12,328 shares, a decrease of 68.4% from the September 30th total of 39,043 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 243,557 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Invvlu Mu Incm

Several hedge funds have recently made changes to their positions in IIM. Retirement Planning Group LLC lifted its stake in Invvlu Mu Incm by 60.7% during the third quarter. Retirement Planning Group LLC now owns 62,455 shares of the investment management company’s stock valued at $653,000 after purchasing an additional 23,593 shares during the last quarter. NewEdge Advisors LLC grew its position in Invvlu Mu Incm by 8.2% in the second quarter. NewEdge Advisors LLC now owns 117,649 shares of the investment management company’s stock worth $1,498,000 after buying an additional 8,961 shares during the last quarter. Fortitude Advisory Group L.L.C. grew its position in Invvlu Mu Incm by 7.2% in the second quarter. Fortitude Advisory Group L.L.C. now owns 28,520 shares of the investment management company’s stock worth $363,000 after buying an additional 1,920 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Invvlu Mu Incm by 24.6% in the second quarter. Concurrent Investment Advisors LLC now owns 30,431 shares of the investment management company’s stock valued at $387,000 after buying an additional 6,000 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Invvlu Mu Incm in the second quarter valued at $146,000. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invvlu Mu Incm Stock Up 0.1%

Shares of NYSE IIM opened at $11.24 on Wednesday. Invvlu Mu Incm has a 1 year low of $10.27 and a 1 year high of $13.17. The stock has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $12.30.

Invvlu Mu Incm Increases Dividend

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

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.