Short Interest in Invvlu Mu Incm (NYSE:IIM) Grows By 78.1%

Invvlu Mu Incm (NYSE:IIM) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 267,493 shares, a growth of 78.1% from the June 30th total of 150,154 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 94,083 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Invvlu Mu Incm

Hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Invvlu Mu Incm by 63.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,162,995 shares of the investment management company’s stock worth $14,805,000 after acquiring an additional 450,450 shares during the period. Guggenheim Capital LLC increased its stake in shares of Invvlu Mu Incm by 23.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,119,319 shares of the investment management company’s stock worth $13,790,000 after purchasing an additional 208,989 shares during the period. UBS Group AG increased its stake in shares of Invvlu Mu Incm by 0.8% during the fourth quarter. UBS Group AG now owns 588,281 shares of the investment management company’s stock worth $7,248,000 after purchasing an additional 4,652 shares during the period. Wagner Wealth Management LLC increased its stake in shares of Invvlu Mu Incm by 9.8% during the first quarter. Wagner Wealth Management LLC now owns 256,097 shares of the investment management company’s stock worth $3,114,000 after purchasing an additional 22,921 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Invvlu Mu Incm by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 240,665 shares of the investment management company’s stock worth $2,965,000 after purchasing an additional 4,755 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.

Invvlu Mu Incm Trading Up 0.9%

Invvlu Mu Incm stock traded up $0.12 during mid-day trading on Thursday, hitting $12.54. 152,406 shares of the company’s stock traded hands, compared to its average volume of 130,130. The firm has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $12.51. Invvlu Mu Incm has a fifty-two week low of $11.33 and a fifty-two week high of $13.17.

Invvlu Mu Incm Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be issued a dividend of $0.0771 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) annualized dividend and a dividend yield of 7.4%.

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. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.