Invvlu Mu Incm (NYSE:IIM) Short Interest Update

Key Points

• Short interest in Invvlu Mu Incm (NYSE:IIM) increased by 91.0% in July, reaching a total of 51,200 shares, indicating a growing bearish sentiment among investors.
• The company has announced a monthly dividend of $0.0771 per share, providing an annualized yield of 7.9% for shareholders of record as of August 18th.
• Institutional investors currently own 20.73% of Invvlu Mu Incm's stock, with significant investments noted from various hedge funds during recent quarters.

Invvlu Mu Incm (NYSE:IIM - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 51,200 shares, anincreaseof91.0% from the July 15th total of 26,800 shares. Based on an average daily trading volume, of 136,200 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily trading volume, of 136,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Invvlu Mu Incm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Invvlu Mu Incm in the 4th quarter worth $2,310,000. LexAurum Advisors LLC acquired a new stake in Invvlu Mu Incm during the 1st quarter valued at approximately $1,104,000. Bank of America Corp DE lifted its stake in Invvlu Mu Incm by 5.5% during the 4th quarter. Bank of America Corp DE now owns 1,673,318 shares of the investment management company's stock valued at $19,896,000 after acquiring an additional 87,776 shares during the period. Westchester Capital Management LLC increased its stake in shares of Invvlu Mu Incm by 86.5% in the first quarter. Westchester Capital Management LLC now owns 164,527 shares of the investment management company's stock worth $1,969,000 after acquiring an additional 76,307 shares during the period. Finally, Whipplewood Advisors LLC raised its position in Invvlu Mu Incm by 33,000.4% during the second quarter. Whipplewood Advisors LLC now owns 76,462 shares of the investment management company's stock valued at $890,000 after acquiring an additional 76,231 shares in the last quarter. 20.73% of the stock is currently owned by hedge funds and other institutional investors.

Invvlu Mu Incm Trading Down 0.3%

NYSE:IIM traded down $0.03 during midday trading on Thursday, reaching $11.55. 122,646 shares of the stock traded hands, compared to its average volume of 145,524. Invvlu Mu Incm has a 12-month low of $10.96 and a 12-month high of $13.10. The business has a 50-day moving average of $11.53 and a two-hundred day moving average of $11.80.

Invvlu Mu Incm Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.0771 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, August 18th.

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.