Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Expands By 62.3%

Invesco California Value Municipal Income Trust (NYSE:VCVGet Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 19,800 shares, an increase of 62.3% from the January 15th total of 12,200 shares. Based on an average trading volume of 167,200 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

A number of large investors have recently modified their holdings of the business. Comerica Bank acquired a new position in Invesco California Value Municipal Income Trust during the third quarter worth $34,000. JPMorgan Chase & Co. acquired a new position in shares of Invesco California Value Municipal Income Trust in the first quarter worth $88,000. Jane Street Group LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the third quarter valued at $91,000. TriaGen Wealth Management LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the fourth quarter valued at $101,000. Finally, First Foundation Advisors purchased a new stake in Invesco California Value Municipal Income Trust during the second quarter valued at about $100,000. 14.01% of the stock is owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Trading Up 0.5 %

Shares of NYSE:VCV traded up $0.05 on Monday, hitting $9.80. 64,777 shares of the company’s stock were exchanged, compared to its average volume of 124,194. Invesco California Value Municipal Income Trust has a 1-year low of $8.05 and a 1-year high of $10.40. The firm’s 50-day moving average is $9.71 and its 200 day moving average is $9.21.

Invesco California Value Municipal Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Friday, February 16th will be given a dividend of $0.0366 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.48%. This is a boost from Invesco California Value Municipal Income Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Thursday, February 15th.

About Invesco California Value Municipal Income Trust

(Get Free Report)

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.

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