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

Key Points

• Short interest in Invesco Value Municipal Income Trust (NYSE:IIM) fell 14.9% to 129,493 shares as of April 15, equal to 0.3% of shares and a days-to-cover ratio of about 1.0.
• The fund paid a monthly dividend of $0.0771 per share (record date April 14, paid April 30), implying an annualized dividend yield of about 7.7%.
• Shares last traded at $12.08, inside a 52-week range of $11.20–$13.17, and institutional investors now own roughly 20.7% of the stock after several recent small purchases.

Invvlu Mu Incm (NYSE:IIM - ) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 129,493 shares, a decline of 14.9% from the March 31st total of 152,142 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 131,526 shares, the days-to-cover ratio is currently 1.0 days.

Invvlu Mu Incm Price Performance

Shares of IIM stock traded down $0.02 during trading hours on Friday, hitting $12.08. 134,796 shares of the company's stock were exchanged, compared to its average volume of 148,536. The stock's 50-day moving average is $12.52 and its 200-day moving average is $12.49. Invvlu Mu Incm has a 52 week low of $11.20 and a 52 week high of $13.17.

Invvlu Mu Incm Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th were 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 was Tuesday, April 14th.

Institutional Trading of Invvlu Mu Incm

Several large investors have recently made changes to their positions in IIM. Garton & Associates Financial Advisors LLC bought a new stake in shares of Invvlu Mu Incm during the fourth quarter worth $41,000. Aventura Private Wealth LLC bought a new stake in shares of Invvlu Mu Incm during the fourth quarter worth $43,000. Smartleaf Asset Management LLC bought a new stake in shares of Invvlu Mu Incm during the third quarter worth $54,000. Wedbush Securities Inc. acquired a new position in shares of Invvlu Mu Incm during the third quarter valued at $126,000. Finally, XTX Topco Ltd acquired a new position in shares of Invvlu Mu Incm during the second quarter valued at $134,000. Institutional investors own 20.73% of the company's stock.

About Invvlu Mu Incm

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.

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