Invvlu Mu Incm (NYSE:IIM) Short Interest Update

Invvlu Mu Incm (NYSE:IIM) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 81,095 shares, a decline of 37.4% from the April 15th total of 129,493 shares. Based on an average daily volume of 122,910 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Invvlu Mu Incm

A number of hedge funds have recently made changes to their positions in IIM. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 58,134 shares during the last quarter. XTX Topco Ltd purchased a new stake in Invvlu Mu Incm during the 2nd quarter valued at $134,000. NewEdge Advisors LLC raised its stake in Invvlu Mu Incm by 11.9% during the 2nd quarter. NewEdge Advisors LLC now owns 64,589 shares of the investment management company’s stock valued at $752,000 after buying an additional 6,866 shares during the last quarter. Jane Street Group LLC purchased a new stake in Invvlu Mu Incm during the 2nd quarter valued at $270,000. Finally, Ameriprise Financial Inc. raised its stake in Invvlu Mu Incm by 29.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,266 shares of the investment management company’s stock valued at $597,000 after buying an additional 11,522 shares during the last quarter. 20.73% of the stock is owned by institutional investors.

Invvlu Mu Incm Stock Performance

Shares of IIM traded down $0.04 during mid-day trading on Tuesday, reaching $12.00. The company had a trading volume of 81,413 shares, compared to its average volume of 144,606. The firm has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.45. Invvlu Mu Incm has a 52 week low of $11.20 and a 52 week high of $13.17.

Invvlu Mu Incm Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a $0.0771 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, May 14th.

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.