Invvlu Mu Incm (NYSE:IIM) Sees Significant Growth in Short Interest

Invvlu Mu Incm (NYSE:IIM) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 29,741 shares, an increase of 141.2% from the October 15th total of 12,328 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 204,821 shares, the days-to-cover ratio is currently 0.1 days.

Invvlu Mu Incm Trading Down 0.8%

Shares of NYSE IIM traded down $0.09 during trading hours on Friday, hitting $10.97. The stock had a trading volume of 206,561 shares, compared to its average volume of 164,711. The firm’s 50-day moving average price is $11.28 and its two-hundred day moving average price is $12.22. Invvlu Mu Incm has a 52 week low of $10.27 and a 52 week high of $13.17.

Invvlu Mu Incm Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 8.4%. This is a drop from Invvlu Mu Incm’s previous monthly dividend of $0.0771. The ex-dividend date is Monday, November 16th.

Institutional Trading of Invvlu Mu Incm

Several large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in shares of Invvlu Mu Incm by 25.5% during the 3rd quarter. Private Advisor Group LLC now owns 25,986 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 5,284 shares in the last quarter. Tyche Wealth Partners LLC lifted its stake in shares of Invvlu Mu Incm by 2.6% in the 3rd quarter. Tyche Wealth Partners LLC now owns 35,740 shares of the investment management company’s stock valued at $374,000 after purchasing an additional 900 shares during the last quarter. Principle Wealth Partners LLC bought a new stake in Invvlu Mu Incm in the third quarter worth $105,000. Kestra Advisory Services LLC boosted its holdings in Invvlu Mu Incm by 26.5% in the third quarter. Kestra Advisory Services LLC now owns 19,119 shares of the investment management company’s stock worth $200,000 after purchasing an additional 4,011 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Invvlu Mu Incm in the third quarter worth $2,003,000. 20.73% of the stock is owned by institutional investors.

About Invvlu Mu Incm

Invesco Municipal Income Opportunities Trust is a closed-end investment fund that seeks to provide income exempt from regular U.S. federal income tax while aiming to preserve capital. It invests primarily in municipal securities issued by U.S. states, local governments and related public entities. The fund’s portfolio may include bonds financing public services and infrastructure, such as schools, utilities and transportation projects. Its income and investment risks depend on the securities it holds and the financial condition of their issuers.