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 November. As of November 30th, there was short interest totalling 25,600 shares, a decline of 33.2% from the November 15th total of 38,300 shares. Based on an average daily volume of 184,100 shares, the short-interest ratio is presently 0.1 days.

Invesco California Value Municipal Income Trust Stock Down 0.7 %

VCV stock traded down $0.07 during midday trading on Friday, hitting $10.68. 138,292 shares of the stock traded hands, compared to its average volume of 119,850. Invesco California Value Municipal Income Trust has a 1-year low of $9.49 and a 1-year high of $11.47. The stock’s fifty day simple moving average is $10.47 and its 200-day simple moving average is $10.58.

Invesco California Value Municipal Income Trust Dividend Announcement

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

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in Invesco California Value Municipal Income Trust by 6.3% during the third quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock worth $6,341,000 after purchasing an additional 34,370 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Invesco California Value Municipal Income Trust by 10.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 384,479 shares of the investment management company’s stock valued at $4,006,000 after acquiring an additional 34,932 shares during the period. Commonwealth Equity Services LLC grew its stake in Invesco California Value Municipal Income Trust by 40.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock valued at $1,299,000 after acquiring an additional 36,129 shares during the period. Pacific Wealth Strategies Group Inc. increased its holdings in Invesco California Value Municipal Income Trust by 17.8% in the 2nd 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 in the last quarter. Finally, Sanctuary Advisors LLC raised its position in Invesco California Value Municipal Income Trust by 32.1% during the third quarter. Sanctuary Advisors LLC now owns 49,073 shares of the investment management company’s stock worth $507,000 after acquiring an additional 11,938 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.