Invesco California Value Municipal Income Trust (NYSE:VCV) Short Interest Update

Invesco California Value Municipal Income Trust (NYSE:VCV) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 294,100 shares, a decline of 14.1% from the February 13th total of 342,300 shares. Based on an average daily trading volume, of 116,800 shares, the short-interest ratio is currently 2.5 days.

Invesco California Value Municipal Income Trust Stock Down 0.2 %

NYSE VCV traded down $0.02 during mid-day trading on Wednesday, reaching $10.59. 78,404 shares of the stock were exchanged, compared to its average volume of 84,827. The business’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $10.78. Invesco California Value Municipal Income Trust has a 1-year low of $9.49 and a 1-year high of $11.47.

Invesco California Value Municipal Income Trust Dividend Announcement

The firm also recently announced 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 is Monday, March 17th. This represents a $0.78 annualized dividend and a yield of 7.32%.

Institutional Trading of Invesco California Value Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in VCV. Stifel Financial Corp purchased a new position in shares of Invesco California Value Municipal Income Trust during the 4th quarter worth about $117,000. Napa Wealth Management acquired a new position in shares of Invesco California Value Municipal Income Trust in the 3rd quarter valued at $140,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco California Value Municipal Income Trust by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company’s stock valued at $226,000 after buying an additional 1,000 shares during the period. Walleye Capital LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 4th quarter valued at $291,000. Finally, Western Wealth Management LLC increased its holdings in shares of Invesco California Value Municipal Income Trust by 34.3% during the 4th quarter. Western Wealth Management LLC now owns 34,636 shares of the investment management company’s stock worth $379,000 after buying an additional 8,852 shares during the last quarter. 18.80% of the stock is owned by institutional investors and hedge funds.

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.