Invesco California Value Municipal Income Trust (NYSE:VCV) Short Interest Update

Invesco California Value Municipal Income Trust (NYSE:VCV) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 294,100 shares, a drop of 14.1% from the February 13th total of 342,300 shares. Based on an average daily volume of 116,800 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. grew its position in shares of Invesco California Value Municipal Income Trust by 11.4% in the 4th quarter. D.A. Davidson & CO. now owns 42,465 shares of the investment management company’s stock valued at $465,000 after acquiring an additional 4,350 shares during the period. Sanctuary Advisors LLC grew its position in shares of Invesco California Value Municipal Income Trust by 32.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock valued at $507,000 after acquiring an additional 11,938 shares during the period. Cypress Wealth Services LLC bought a new position in shares of Invesco California Value Municipal Income Trust in the 4th quarter valued at about $718,000. Advisors Asset Management Inc. grew its position in shares of Invesco California Value Municipal Income Trust by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock valued at $6,341,000 after acquiring an additional 34,370 shares during the period. Finally, Napa Wealth Management bought a new position in shares of Invesco California Value Municipal Income Trust in the 3rd quarter valued at about $140,000. Institutional investors own 18.80% of the company’s stock.

Invesco California Value Municipal Income Trust Stock Up 1.2 %

Invesco California Value Municipal Income Trust stock traded up $0.13 during mid-day trading on Thursday, reaching $10.67. The company’s stock had a trading volume of 8,829 shares, compared to its average volume of 119,714. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47. The business’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.78.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.0646 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date of this dividend is Monday, March 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.