Inv Vk Ca Valu (NYSE:VCV) Shares Shorted: Short Interest Down 35.3% in September

Inv Vk Ca Valu (NYSE:VCV) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 155,425 shares, a decrease of 35.3% from the September 15th total of 240,320 shares. Based on an average trading volume of 340,942 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Inv Vk Ca Valu in the second quarter worth $41,000. Independent Financial Group LLC acquired a new stake in shares of Inv Vk Ca Valu during the first quarter worth $123,000. RB Capital Management LLC acquired a new stake in shares of Inv Vk Ca Valu during the second quarter worth $140,000. NWF Advisory Services Inc. purchased a new stake in shares of Inv Vk Ca Valu during the fourth quarter valued at $166,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Inv Vk Ca Valu by 639.9% during the first quarter. Kestra Advisory Services LLC now owns 25,704 shares of the investment management company’s stock valued at $268,000 after buying an additional 22,230 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu Stock Up 1.4%

Shares of Inv Vk Ca Valu stock opened at $8.95 on Friday. The company has a 50 day moving average price of $9.83 and a 200 day moving average price of $10.35. Inv Vk Ca Valu has a 52 week low of $8.70 and a 52 week high of $11.38.

Inv Vk Ca Valu Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0646 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.78 annualized dividend and a yield of 8.7%. This is a boost from Inv Vk Ca Valu’s previous monthly dividend of $0.0646.

About Inv Vk Ca Valu

Invesco California Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol VCV. The trust seeks to provide current income that is exempt from regular federal income tax and California state income tax.

The fund invests primarily in municipal securities issued by or on behalf of California state and local governments, public authorities and other municipal entities. These securities may help finance public infrastructure and services such as transportation, utilities, education, health care and housing.