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

Invesco California Value Municipal Income Trust (NYSE:VCV) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 44,500 shares, a decline of 18.2% from the October 15th total of 54,400 shares. Based on an average daily volume of 164,300 shares, the short-interest ratio is presently 0.3 days.

Invesco California Value Municipal Income Trust Stock Performance

Shares of VCV traded down $0.04 during trading hours on Friday, hitting $10.27. The stock had a trading volume of 215,505 shares, compared to its average volume of 115,030. The firm has a 50-day moving average price of $10.69 and a 200 day moving average price of $10.47. Invesco California Value Municipal Income Trust has a fifty-two week low of $9.03 and a fifty-two week high of $11.47.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 7.55%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of Invesco California Value Municipal Income Trust by 989.0% in the third quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after buying an additional 20,769 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Invesco California Value Municipal Income Trust in the first quarter worth about $173,000. Sanctuary Advisors LLC purchased a new position in shares of Invesco California Value Municipal Income Trust in the second quarter worth about $356,000. Virtu Financial LLC purchased a new position in shares of Invesco California Value Municipal Income Trust in the first quarter worth about $202,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Invesco California Value Municipal Income Trust by 10.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 384,479 shares of the investment management company’s stock worth $4,006,000 after buying an additional 34,932 shares in the last quarter. 18.80% of the stock is owned by hedge funds and other institutional investors.

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.