Invvlu Mu Incm (NYSE:IIM) Sees Large Decline in Short Interest

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

Invvlu Mu Incm Trading Down 0.2%

Shares of Invvlu Mu Incm stock opened at $12.01 on Wednesday. Invvlu Mu Incm has a 52-week low of $11.20 and a 52-week high of $13.17. The stock has a 50-day simple moving average of $12.33 and a 200-day simple moving average of $12.45.

Invvlu Mu Incm Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.0771 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, May 14th.

Institutional Investors Weigh In On Invvlu Mu Incm

Several institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in shares of Invvlu Mu Incm by 23.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,119,319 shares of the investment management company’s stock valued at $13,790,000 after buying an additional 208,989 shares during the last quarter. UBS Group AG lifted its holdings in shares of Invvlu Mu Incm by 0.8% during the 4th quarter. UBS Group AG now owns 588,281 shares of the investment management company’s stock valued at $7,248,000 after buying an additional 4,652 shares during the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of Invvlu Mu Incm by 9.8% during the 1st quarter. Wagner Wealth Management LLC now owns 256,097 shares of the investment management company’s stock valued at $3,114,000 after buying an additional 22,921 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Invvlu Mu Incm by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 240,665 shares of the investment management company’s stock valued at $2,965,000 after buying an additional 4,755 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Invvlu Mu Incm during the 1st quarter valued at about $2,849,000. 20.73% of the stock is currently owned by institutional investors and hedge funds.

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.