Invvlu Mu Incm (NYSE:IIM) Sees Large Decline in Short Interest
by Jessica Moore · The Cerbat GemInvvlu Mu Incm (NYSE:IIM – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 152,142 shares, a drop of 62.6% from the March 15th total of 407,126 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 185,926 shares, the short-interest ratio is currently 0.8 days.
Institutional Investors Weigh In On Invvlu Mu Incm
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC grew its stake in shares of Invvlu Mu Incm by 23.0% in the 4th quarter. Guggenheim Capital LLC now owns 1,119,319 shares of the investment management company’s stock valued at $13,790,000 after buying an additional 208,989 shares during the period. Gridiron Partners LLC raised its position in shares of Invvlu Mu Incm by 424.2% during the 3rd quarter. Gridiron Partners LLC now owns 150,650 shares of the investment management company’s stock valued at $1,891,000 after buying an additional 121,909 shares during the period. Wagner Wealth Management LLC lifted its holdings in Invvlu Mu Incm by 79.5% in the fourth quarter. Wagner Wealth Management LLC now owns 233,176 shares of the investment management company’s stock valued at $2,873,000 after acquiring an additional 103,238 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Invvlu Mu Incm by 13.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 827,675 shares of the investment management company’s stock valued at $10,387,000 after acquiring an additional 98,759 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Invvlu Mu Incm by 577.9% in the third quarter. D.A. Davidson & CO. now owns 69,538 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 59,280 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.
Invvlu Mu Incm Stock Performance
Shares of NYSE:IIM traded down $0.09 during midday trading on Tuesday, hitting $12.50. The company’s stock had a trading volume of 129,143 shares, compared to its average volume of 153,812. The business’s 50 day simple moving average is $12.61 and its 200 day simple moving average is $12.51. Invvlu Mu Incm has a 12-month low of $11.20 and a 12-month high of $13.17.
Invvlu Mu Incm Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a $0.0771 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, April 14th.
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.