Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Drops By 33.2%

Invesco California Value Municipal Income Trust (NYSE:VCV) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 25,600 shares, a decrease of 33.2% from the November 15th total of 38,300 shares. Based on an average trading volume of 184,100 shares, the short-interest ratio is presently 0.1 days.

Invesco California Value Municipal Income Trust Stock Performance

Invesco California Value Municipal Income Trust stock traded down $0.07 during trading on Friday, reaching $10.68. 138,292 shares of the company were exchanged, compared to its average volume of 119,850. The stock’s 50 day simple moving average is $10.47 and its two-hundred day simple moving average is $10.58. Invesco California Value Municipal Income Trust has a 52-week low of $9.49 and a 52-week high of $11.47.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.26%.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

A number of hedge funds have recently modified their holdings of VCV. Rothschild Investment LLC purchased a new position in Invesco California Value Municipal Income Trust during the second quarter worth about $34,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust during the 2nd quarter valued at approximately $38,000. Vanguard Capital Wealth Advisors raised its position in shares of Invesco California Value Municipal Income Trust by 42.9% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 20,000 shares of the investment management company’s stock valued at $208,000 after buying an additional 6,000 shares during the period. Sanctuary Advisors LLC lifted its holdings in Invesco California Value Municipal Income Trust by 32.1% in the third quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock valued at $507,000 after acquiring an additional 11,938 shares during the last quarter. Finally, Pacific Wealth Strategies Group Inc. grew its position in Invesco California Value Municipal Income Trust by 17.8% in the second quarter. Pacific Wealth Strategies Group Inc. now owns 79,295 shares of the investment management company’s stock worth $826,000 after acquiring an additional 11,975 shares during the period. Hedge funds and other institutional investors 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.