Invesco California Value Municipal Income Trust (NYSE:VCV) Short Interest Up 23.4% in February

Invesco California Value Municipal Income Trust (NYSE:VCV) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 342,300 shares, a growth of 23.4% from the January 31st total of 277,300 shares. Based on an average trading volume of 130,100 shares, the short-interest ratio is currently 2.6 days.

Invesco California Value Municipal Income Trust Price Performance

VCV traded down $0.11 during trading on Friday, reaching $10.80. The stock had a trading volume of 26,189 shares, compared to its average volume of 86,627. Invesco California Value Municipal Income Trust has a one year low of $9.49 and a one year high of $11.47. The stock’s 50 day moving average is $11.00 and its two-hundred day moving average is $10.78.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.78 dividend on an annualized basis and a yield of 7.18%.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its stake 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 worth $6,341,000 after buying an additional 34,370 shares during the last quarter. Wells Fargo & Company MN increased its stake 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 valued at $5,615,000 after purchasing an additional 70,560 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings 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 worth $2,794,000 after acquiring an additional 103,126 shares during the last quarter. Bank of America Corp DE boosted its stake in Invesco California Value Municipal Income Trust by 8.2% during the 4th quarter. Bank of America Corp DE now owns 185,398 shares of the investment management company’s stock valued at $2,028,000 after purchasing an additional 13,972 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Invesco California Value Municipal Income Trust by 1.1% in 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 in the last quarter. Institutional investors own 18.80% of the company’s stock.

About Invesco California Value Municipal Income Trust

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.