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) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 51,200 shares, agrowthof91.0% from the July 15th total of 26,800 shares. Based on an average trading volume of 136,200 shares, the short-interest ratio is presently 0.4 days. Approximately0.1% of the company's shares are short sold. Approximately0.1% of the company's shares are short sold. Based on an average trading volume of 136,200 shares, the short-interest ratio is presently 0.4 days.

Invvlu Mu Incm Price Performance

Shares of Invvlu Mu Incm stock traded up $0.07 during trading hours on Friday, hitting $11.63. The company's stock had a trading volume of 137,516 shares, compared to its average volume of 145,270. Invvlu Mu Incm has a 1-year low of $10.96 and a 1-year high of $13.10. The business has a fifty day moving average of $11.53 and a 200 day moving average of $11.80.

Invvlu Mu Incm Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new position in shares of Invvlu Mu Incm in the 1st quarter worth about $166,000. LexAurum Advisors LLC bought a new position in shares of Invvlu Mu Incm in the 1st quarter worth about $1,104,000. Ameriprise Financial Inc. lifted its position in shares of Invvlu Mu Incm by 70.1% in the 4th quarter. Ameriprise Financial Inc. now owns 50,253 shares of the investment management company's stock worth $586,000 after buying an additional 20,714 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Invvlu Mu Incm by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 44,081 shares of the investment management company's stock worth $524,000 after buying an additional 2,000 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Invvlu Mu Incm in the 1st quarter worth about $150,000. 20.73% of the stock is currently owned by institutional investors.

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.