Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Decreases By 18.2%

Invesco California Value Municipal Income Trust (NYSE:VCV) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 44,500 shares, a decline of 18.2% from the October 15th total of 54,400 shares. Based on an average trading volume of 164,300 shares, the days-to-cover ratio is currently 0.3 days.

Invesco California Value Municipal Income Trust Trading Down 0.4 %

VCV stock traded down $0.05 during trading on Friday, reaching $10.26. 218,796 shares of the company’s stock were exchanged, compared to its average volume of 201,658. Invesco California Value Municipal Income Trust has a 1-year low of $9.03 and a 1-year high of $11.47. The company’s fifty day moving average price is $10.67 and its 200-day moving average price is $10.49.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0646 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.78 dividend on an annualized basis and a yield of 7.56%.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

Several large investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new position in Invesco California Value Municipal Income Trust during the 2nd quarter valued at $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in Invesco California Value Municipal Income Trust in the 2nd quarter valued at about $38,000. Napa Wealth Management bought a new position in shares of Invesco California Value Municipal Income Trust during the 3rd quarter valued at about $140,000. SteelPeak Wealth LLC bought a new position in shares of Invesco California Value Municipal Income Trust during the 3rd quarter valued at about $144,000. Finally, Cetera Advisors LLC bought a new stake in shares of Invesco California Value Municipal Income Trust in the 1st quarter worth approximately $173,000. Institutional investors and hedge funds own 18.80% of the company’s stock.

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.