Short Interest in Invvlu Mu Incm (NYSE:IIM) Decreases By 37.4%
by Jessica Moore · The Cerbat GemInvvlu Mu Incm (NYSE:IIM – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 81,095 shares, a drop of 37.4% from the April 15th total of 129,493 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 122,910 shares, the short-interest ratio is currently 0.7 days.
Invvlu Mu Incm Stock Down 0.5%
Shares of Invvlu Mu Incm stock traded down $0.06 during trading hours on Monday, hitting $12.04. 76,631 shares of the company’s stock traded hands, compared to its average volume of 145,213. The stock has a 50 day simple moving average of $12.37 and a 200-day simple moving average of $12.46. Invvlu Mu Incm has a twelve month low of $11.20 and a twelve month high of $13.17.
Invvlu Mu Incm Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.0771 per share. The ex-dividend date is Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.
Institutional Trading of Invvlu Mu Incm
Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of Invvlu Mu Incm by 4.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,713 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 1,100 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Invvlu Mu Incm by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 157,366 shares of the investment management company’s stock worth $1,939,000 after purchasing an additional 1,211 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Invvlu Mu Incm by 11.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 17,906 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,769 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of Invvlu Mu Incm by 12.5% during the first quarter. Hollencrest Capital Management now owns 18,180 shares of the investment management company’s stock worth $221,000 after purchasing an additional 2,013 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its position in shares of Invvlu Mu Incm by 8.8% during the third quarter. Fortitude Advisory Group L.L.C. now owns 26,600 shares of the investment management company’s stock worth $334,000 after purchasing an additional 2,144 shares during the last quarter. 20.73% of the stock is currently owned by institutional investors and hedge funds.
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.