Invvlu Mu Incm (NYSE:IIM) Shares Shorted: Short Interest Down 79.4% in September

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

Invvlu Mu Incm Stock Up 0.9%

NYSE IIM traded up $0.10 during midday trading on Friday, hitting $10.86. 276,319 shares of the company traded hands, compared to its average volume of 260,110. The company’s 50-day simple moving average is $12.01 and its 200-day simple moving average is $12.28. Invvlu Mu Incm has a 52 week low of $10.27 and a 52 week high of $13.17.

Invvlu Mu Incm Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0771 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This is a positive change from Invvlu Mu Incm’s previous monthly dividend of $0.0771. This represents a $0.93 annualized dividend and a dividend yield of 8.5%.

Institutional Trading of Invvlu Mu Incm

A number of institutional investors have recently modified their holdings of IIM. Hennion & Walsh Asset Management Inc. grew its position in shares of Invvlu Mu Incm by 63.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company’s stock worth $14,805,000 after buying an additional 450,450 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Invvlu Mu Incm during the 2nd quarter worth approximately $9,075,000. Van ECK Associates Corp raised its stake in shares of Invvlu Mu Incm by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 269,300 shares of the investment management company’s stock worth $3,428,000 after acquiring an additional 7,307 shares in the last quarter. Wagner Wealth Management LLC lifted its position in Invvlu Mu Incm by 9.8% during the first quarter. Wagner Wealth Management LLC now owns 256,097 shares of the investment management company’s stock valued at $3,114,000 after acquiring an additional 22,921 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in Invvlu Mu Incm during the first quarter valued at approximately $2,849,000. 20.73% of the stock is currently owned by institutional investors.

About Invvlu Mu Incm

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.