Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Declines By 14.1%

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

Invesco California Value Municipal Income Trust Stock Up 1.5 %

Shares of VCV opened at $10.70 on Friday. The company has a 50 day moving average price of $10.94 and a 200-day moving average price of $10.78. Invesco California Value Municipal Income Trust has a fifty-two week low of $9.49 and a fifty-two week high of $11.47.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.0646 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.78 annualized dividend and a dividend yield of 7.25%.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $117,000. Napa Wealth Management acquired a new position in Invesco California Value Municipal Income Trust during the 3rd quarter valued at approximately $140,000. Wealth Enhancement Advisory Services LLC increased its stake in 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 purchasing an additional 1,000 shares in the last quarter. Walleye Capital LLC acquired a new position in Invesco California Value Municipal Income Trust during the 4th quarter valued at approximately $291,000. Finally, Western Wealth Management LLC increased its stake in 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 valued at $379,000 after purchasing an additional 8,852 shares in the last quarter. 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.