Invvlu Mu Incm (NYSE:IIM) Short Interest Update

Key Points

• Invvlu Mu Incm (NYSE:IIM) experienced a significant increase in short interest, rising by 75.4% to total 89,800 shares as of August 15th.
• The company announced a monthly dividend of $0.0771 per share, with an annualized yield of 7.8%, payable on September 30th to investors of record on September 16th.
• Institutional investors currently own 20.73% of Invvlu Mu Incm's stock, indicating growing institutional interest in the company.

Invvlu Mu Incm (NYSE:IIM - ) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 89,800 shares, agrowthof75.4% from the July 31st total of 51,200 shares. Based on an average daily trading volume, of 137,600 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 137,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Invvlu Mu Incm

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new position in Invvlu Mu Incm in the first quarter worth about $166,000. LexAurum Advisors LLC bought a new stake in shares of Invvlu Mu Incm during the first quarter valued at approximately $1,104,000. Ameriprise Financial Inc. raised its holdings in 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 acquiring an additional 20,714 shares during the last quarter. Nuveen Asset Management LLC lifted its position in 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 valued at $524,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in Invvlu Mu Incm during the 1st quarter valued at $150,000. 20.73% of the stock is currently owned by institutional investors.

Invvlu Mu Incm Trading Up 0.6%

Invvlu Mu Incm stock traded up $0.08 during mid-day trading on Friday, hitting $11.85. The company had a trading volume of 252,280 shares, compared to its average volume of 145,186. Invvlu Mu Incm has a 12 month low of $10.96 and a 12 month high of $13.10. The stock's 50 day moving average price is $11.56 and its two-hundred day moving average price is $11.75.

Invvlu Mu Incm Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0771 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 16th.

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.

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