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

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

Hedge Funds Weigh In On Invvlu Mu Incm

Institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its position in shares of Invvlu Mu Incm by 63.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company’s stock valued at $14,805,000 after buying an additional 450,450 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Invvlu Mu Incm during the 2nd quarter valued at approximately $9,075,000. Arkadios Wealth Advisors purchased a new position in shares of Invvlu Mu Incm during the 1st quarter valued at approximately $2,849,000. Retirement Planning Group LLC acquired a new stake in Invvlu Mu Incm in the 1st quarter valued at $554,000. Finally, Livelsberger Financial Advisory acquired a new stake in Invvlu Mu Incm in the 3rd quarter valued at $2,003,000. Hedge funds and other institutional investors own 20.73% of the company’s stock.

Invvlu Mu Incm Stock Down 0.3%

IIM traded down $0.03 on Friday, reaching $11.37. The stock had a trading volume of 148,738 shares, compared to its average volume of 227,588. The business’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $12.28. Invvlu Mu Incm has a 12-month low of $10.27 and a 12-month high of $13.17.

Invvlu Mu Incm Increases Dividend

The firm also recently announced 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 boost from Invvlu Mu Incm’s previous monthly dividend of $0.0771. The ex-dividend date is Wednesday, October 14th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 8.1%.

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.