Invvlu Mu Incm (NYSE:IIM) Short Interest Up 202.4% in February

Invvlu Mu Incm (NYSE:IIM) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 125,278 shares, an increase of 202.4% from the January 29th total of 41,433 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 150,817 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 150,817 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Invvlu Mu Incm Price Performance

Shares of NYSE IIM traded up $0.06 during midday trading on Friday, hitting $13.14. 186,692 shares of the company’s stock were exchanged, compared to its average volume of 134,554. The firm’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $12.38. Invvlu Mu Incm has a twelve month low of $10.96 and a twelve month high of $13.16.

Invvlu Mu Incm Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.0771 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IIM. Goldman Sachs Group Inc. raised its stake in Invvlu Mu Incm by 246.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 81,747 shares of the investment management company’s stock worth $979,000 after acquiring an additional 58,134 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invvlu Mu Incm during the second quarter worth about $225,000. Atlantic Union Bankshares Corp purchased a new position in shares of Invvlu Mu Incm during the second quarter worth about $50,000. Allworth Financial LP increased its position in shares of Invvlu Mu Incm by 132.6% during the second quarter. Allworth Financial LP now owns 5,323 shares of the investment management company’s stock worth $62,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Invvlu Mu Incm by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 158,360 shares of the investment management company’s stock valued at $1,843,000 after purchasing an additional 12,147 shares during the last quarter. 20.73% of the stock is owned by hedge funds and other institutional investors.

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.