Inv Vk Ca Valu (NYSE:VCV) Sees Large Growth in Short Interest

Inv Vk Ca Valu (NYSE:VCV) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 126,646 shares, an increase of 80.1% from the June 30th total of 70,317 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 82,180 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Inv Vk Ca Valu

A number of hedge funds have recently made changes to their positions in VCV. Advisors Asset Management Inc. raised its stake in Inv Vk Ca Valu by 42.8% in the 4th quarter. Advisors Asset Management Inc. now owns 1,150,260 shares of the investment management company’s stock valued at $12,802,000 after acquiring an additional 344,545 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Inv Vk Ca Valu by 25.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,085,630 shares of the investment management company’s stock valued at $12,083,000 after purchasing an additional 223,658 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Inv Vk Ca Valu by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 622,806 shares of the investment management company’s stock valued at $6,932,000 after purchasing an additional 3,279 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Inv Vk Ca Valu by 21.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 570,385 shares of the investment management company’s stock worth $6,154,000 after buying an additional 99,089 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Inv Vk Ca Valu by 6.1% during the 4th quarter. UBS Group AG now owns 277,270 shares of the investment management company’s stock worth $3,086,000 after buying an additional 15,926 shares during the period. 18.80% of the stock is owned by institutional investors and hedge funds.

Inv Vk Ca Valu Price Performance

VCV traded up $0.03 during trading on Friday, reaching $10.54. 205,025 shares of the stock were exchanged, compared to its average volume of 98,276. The stock’s 50 day moving average price is $10.67 and its two-hundred day moving average price is $10.80. Inv Vk Ca Valu has a twelve month low of $9.98 and a twelve month high of $11.38.

Inv Vk Ca Valu Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 14th will be issued a dividend of $0.0646 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

About Inv Vk Ca Valu

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.