Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Grows By 741.4%

Invesco California Value Municipal Income Trust (NYSE:VCV) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 215,400 shares, a growth of 741.4% from the November 30th total of 25,600 shares. Based on an average trading volume of 187,400 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Invesco California Value Municipal Income Trust during the 2nd quarter worth $356,000. Commonwealth Equity Services LLC grew its stake in shares of Invesco California Value Municipal Income Trust by 40.8% during the second quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock worth $1,299,000 after purchasing an additional 36,129 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Invesco California Value Municipal Income Trust by 6.3% during the third quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock worth $6,341,000 after purchasing an additional 34,370 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Invesco California Value Municipal Income Trust by 138.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock valued at $377,000 after purchasing an additional 21,039 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Invesco California Value Municipal Income Trust by 989.0% during the third quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after buying an additional 20,769 shares during the last quarter. 18.80% of the stock is currently owned by institutional investors and hedge funds.

Invesco California Value Municipal Income Trust Price Performance

Invesco California Value Municipal Income Trust stock traded up $0.07 during mid-day trading on Thursday, hitting $10.74. The stock had a trading volume of 117,131 shares, compared to its average volume of 123,251. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47. The stock has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.61.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Tuesday, December 17th.

Invesco California Value Municipal Income Trust Company Profile

Invesco California 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.