Short Interest in Invvlu Mu Incm (NYSE:IIM) Drops By 34.4%

Invvlu Mu Incm (NYSE:IIM) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 41,433 shares, a decline of 34.4% from the January 15th total of 63,159 shares. Based on an average daily volume of 132,798 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 132,798 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IIM. Curio Wealth LLC raised its holdings in Invvlu Mu Incm by 115,000.0% during the second quarter. Curio Wealth LLC now owns 2,302 shares of the investment management company’s stock worth $27,000 after purchasing an additional 2,300 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in Invvlu Mu Incm during the 4th quarter worth approximately $43,000. Atlantic Union Bankshares Corp purchased a new position in shares of Invvlu Mu Incm during the 2nd quarter worth approximately $50,000. Smartleaf Asset Management LLC acquired a new stake in shares of Invvlu Mu Incm in the 3rd quarter valued at approximately $54,000. Finally, Allworth Financial LP boosted its stake in shares of Invvlu Mu Incm by 132.6% in the second quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock valued at $62,000 after buying an additional 3,035 shares in the last quarter. 20.73% of the stock is owned by hedge funds and other institutional investors.

Invvlu Mu Incm Trading Up 0.2%

IIM traded up $0.03 during trading on Friday, hitting $12.82. 246,306 shares of the stock were exchanged, compared to its average volume of 137,911. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $12.88. The stock has a fifty day moving average price of $12.40 and a two-hundred day moving average price of $12.30.

Invvlu Mu Incm Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be given a $0.0771 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 7.2%.

About Invvlu Mu Incm

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.