Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Drops By 23.1%

Invesco California Value Municipal Income Trust (NYSE:VCV) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 277,300 shares, a decline of 23.1% from the January 15th total of 360,700 shares. Based on an average trading volume of 155,400 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Invesco California Value Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Invesco California Value Municipal Income Trust by 6.3% during the 3rd 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 last quarter. Wells Fargo & Company MN lifted its holdings in Invesco California Value Municipal Income Trust by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after purchasing an additional 70,560 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Invesco California Value Municipal Income Trust by 67.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company’s stock worth $2,794,000 after purchasing an additional 103,126 shares during the last quarter. LPL Financial LLC lifted its holdings in Invesco California Value Municipal Income Trust by 1.1% during the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company’s stock worth $1,320,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. lifted its holdings in Invesco California Value Municipal Income Trust by 3.2% during the 4th quarter. Pacific Wealth Strategies Group Inc. now owns 81,335 shares of the investment management company’s stock worth $890,000 after purchasing an additional 2,511 shares during the last quarter. 18.80% of the stock is owned by institutional investors and hedge funds.

Invesco California Value Municipal Income Trust Stock Performance

Shares of NYSE VCV traded up $0.06 during midday trading on Friday, hitting $11.10. 48,878 shares of the company’s stock were exchanged, compared to its average volume of 90,653. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47. The company’s 50 day moving average price is $10.89 and its 200 day moving average price is $10.75.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.78 annualized dividend and a yield of 6.99%.

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.