Invvlu Mu Incm (NYSE:IIM) Sees Large Decline in Short Interest

Invvlu Mu Incm (NYSE:IIM) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 39,043 shares, a decline of 79.4% from the September 15th total of 189,465 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 300,040 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Invvlu Mu Incm

Several institutional investors and hedge funds have recently made changes to their positions in IIM. Allworth Financial LP bought a new position in shares of Invvlu Mu Incm during the second quarter worth about $34,000. Susquehanna International Group LLP acquired a new position in shares of Invvlu Mu Incm in the second quarter worth approximately $146,000. Maridea Wealth Management LLC bought a new stake in Invvlu Mu Incm in the second quarter valued at approximately $155,000. Quantinno Capital Management LP bought a new stake in Invvlu Mu Incm in the first quarter valued at approximately $150,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Invvlu Mu Incm in the second quarter valued at approximately $161,000. Institutional investors and hedge funds own 20.73% of the company’s stock.

Invvlu Mu Incm Stock Performance

Shares of Invvlu Mu Incm stock traded down $0.16 during trading on Monday, hitting $10.69. The company’s stock had a trading volume of 279,135 shares, compared to its average volume of 267,839. Invvlu Mu Incm has a 52 week low of $10.27 and a 52 week high of $13.17. The stock has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $12.27.

Invvlu Mu Incm Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.0771 per share. This represents a $0.93 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a boost from Invvlu Mu Incm’s previous monthly dividend of $0.0771.

Invvlu Mu Incm Company Profile

Invesco Municipal Income Opportunities Trust (NYSE: IIM) is a closed-end management investment company focused on generating current income that is generally exempt from federal income tax. Unlike an operating company, the trust does not sell products or services directly to consumers; it invests in a portfolio of municipal securities.

The trust primarily invests in debt obligations issued by states, municipalities and other governmental entities in the United States. These securities may help finance public infrastructure and services, such as transportation, education, healthcare and utilities.