INVVLU MU INCM (NYSE:IIM) Short Interest Up 22.7% in August

Key Points

• Short interest in Invvlu Mu Incm (NYSE:IIM) increased by 22.7% in August, reaching a total of 110,200 shares.
• Institutional investors now hold 20.73% of the company's stock, with several large firms making significant purchases recently.
• Invvlu Mu Incm announced a monthly dividend of $0.0771 per share, representing an annualized yield of 7.4%, payable on September 30th.

INVVLU MU INCM (NYSE:IIM - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 110,200 shares, an increase of 22.7% from the August 15th total of 89,800 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 145,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 145,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

INVVLU MU INCM Stock Down 0.4%

INVVLU MU INCM stock traded down $0.05 during trading hours on Monday, hitting $12.49. The company had a trading volume of 98,795 shares, compared to its average volume of 147,658. INVVLU MU INCM has a one year low of $10.96 and a one year high of $12.94. The firm has a 50-day moving average of $11.70 and a 200 day moving average of $11.74.

INVVLU MU INCM Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.0771 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in INVVLU MU INCM by 11.2% in the 2nd quarter. Osaic Holdings Inc. now owns 86,366 shares of the investment management company's stock valued at $1,005,000 after acquiring an additional 8,729 shares during the period. Ameriprise Financial Inc. raised its holdings in INVVLU MU INCM by 29.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 51,266 shares of the investment management company's stock valued at $597,000 after acquiring an additional 11,522 shares during the period. Jane Street Group LLC bought a new position in INVVLU MU INCM in the 2nd quarter valued at about $270,000. NewEdge Advisors LLC raised its holdings in INVVLU MU INCM by 11.9% in the 2nd quarter. NewEdge Advisors LLC now owns 64,589 shares of the investment management company's stock valued at $752,000 after acquiring an additional 6,866 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of INVVLU MU INCM during the 2nd quarter worth approximately $134,000. 20.73% of the stock is owned by 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.