Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Drops By 27.6%

Invesco California Value Municipal Income Trust (NYSE:VCV) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 213,000 shares, a decrease of 27.6% from the February 28th total of 294,100 shares. Based on an average daily volume of 99,000 shares, the days-to-cover ratio is currently 2.2 days.

Invesco California Value Municipal Income Trust Price Performance

Shares of VCV traded down $0.04 during trading hours on Tuesday, reaching $10.58. The stock had a trading volume of 155,688 shares, compared to its average volume of 120,473. The firm has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $10.75. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Wednesday, April 16th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. lifted its position in Invesco California Value Municipal Income Trust by 67.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company’s stock valued at $2,794,000 after acquiring an additional 103,126 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco California Value Municipal Income Trust by 212.3% during the fourth quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company’s stock valued at $1,309,000 after buying an additional 81,340 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Invesco California Value Municipal Income Trust by 15.9% during the fourth quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after buying an additional 70,560 shares in the last quarter. Cypress Wealth Services LLC purchased a new stake in Invesco California Value Municipal Income Trust in the 4th quarter valued at $718,000. Finally, Raymond James Financial Inc. bought a new position in Invesco California Value Municipal Income Trust during the 4th quarter valued at $606,000. 18.80% of the stock is owned by institutional investors.

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.