Short Interest in Invvlu Mu Incm (NYSE:IIM) Decreases By 37.4%

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

Invvlu Mu Incm Stock Performance

Shares of IIM stock traded down $0.06 during trading hours on Monday, hitting $12.04. 76,631 shares of the company were exchanged, compared to its average volume of 145,213. Invvlu Mu Incm has a one year low of $11.20 and a one year high of $13.17. The business’s 50-day simple moving average is $12.37 and its two-hundred day simple moving average is $12.46.

Invvlu Mu Incm Announces Dividend

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 dividend of $0.0771 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Hedge Funds Weigh In On Invvlu Mu Incm

Several large investors have recently modified their holdings of IIM. Goldman Sachs Group Inc. lifted its position in shares of Invvlu Mu Incm by 246.2% during the first quarter. Goldman Sachs Group Inc. now owns 81,747 shares of the investment management company’s stock worth $979,000 after purchasing an additional 58,134 shares during the last quarter. XTX Topco Ltd bought a new position in Invvlu Mu Incm in the second quarter worth about $134,000. NewEdge Advisors LLC lifted its holdings in Invvlu Mu Incm by 11.9% in the second quarter. NewEdge Advisors LLC now owns 64,589 shares of the investment management company’s stock worth $752,000 after acquiring an additional 6,866 shares during the last quarter. Jane Street Group LLC bought a new position in Invvlu Mu Incm in the second quarter worth about $270,000. Finally, Ameriprise Financial Inc. lifted its holdings in Invvlu Mu Incm by 29.0% in the second quarter. Ameriprise Financial Inc. now owns 51,266 shares of the investment management company’s stock worth $597,000 after acquiring an additional 11,522 shares during the last quarter. Institutional investors own 20.73% of the company’s stock.

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.