BlackRock California Municipal Income Trust (NYSE:BFZ) Short Interest Down 76.0% in December

BlackRock California Municipal Income Trust (NYSE:BFZ) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 6,000 shares, a drop of 76.0% from the December 15th total of 25,000 shares. Based on an average daily volume of 116,200 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of BlackRock California Municipal Income Trust stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $11.82, for a total transaction of $358,063.26. Following the completion of the transaction, the insider now owns 5,200,088 shares of the company’s stock, valued at $61,465,040.16. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in shares of BlackRock California Municipal Income Trust during the 3rd quarter valued at about $170,000. Cypress Wealth Services LLC purchased a new stake in BlackRock California Municipal Income Trust in the third quarter worth approximately $250,000. Wolverine Asset Management LLC bought a new position in BlackRock California Municipal Income Trust during the third quarter valued at approximately $309,000. Sanctuary Advisors LLC purchased a new position in shares of BlackRock California Municipal Income Trust during the second quarter worth approximately $509,000. Finally, Trilogy Capital Inc. lifted its holdings in shares of BlackRock California Municipal Income Trust by 292.8% in the 3rd quarter. Trilogy Capital Inc. now owns 107,261 shares of the company’s stock worth $1,297,000 after acquiring an additional 79,952 shares during the last quarter.

BlackRock California Municipal Income Trust Stock Down 0.2 %

Shares of BFZ stock traded down $0.02 during trading on Monday, hitting $11.20. The company had a trading volume of 80,799 shares, compared to its average volume of 72,114. BlackRock California Municipal Income Trust has a 52 week low of $11.10 and a 52 week high of $12.23. The stock’s 50-day moving average is $11.52 and its two-hundred day moving average is $11.82.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.059 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.71 annualized dividend and a yield of 6.32%.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.