Short Interest in Inv Vk Ca Valu (NYSE:VCV) Rises By 21.4%

Inv Vk Ca Valu (NYSE:VCV) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 211,071 shares, a growth of 21.4% from the January 29th total of 173,890 shares. Based on an average trading volume of 91,918 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 91,918 shares, the days-to-cover ratio is presently 2.3 days.

Inv Vk Ca Valu Stock Down 1.2%

Shares of Inv Vk Ca Valu stock opened at $11.05 on Friday. Inv Vk Ca Valu has a 1 year low of $9.51 and a 1 year high of $11.38. The business has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $10.85.

Inv Vk Ca Valu Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were given a $0.0646 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Tuesday, February 17th.

Hedge Funds Weigh In On Inv Vk Ca Valu

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Inv Vk Ca Valu by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 1,074 shares in the last quarter. Cypress Wealth Services LLC raised its holdings in Inv Vk Ca Valu by 1.8% during the fourth quarter. Cypress Wealth Services LLC now owns 69,197 shares of the investment management company’s stock worth $770,000 after buying an additional 1,195 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Inv Vk Ca Valu by 3.1% in the second quarter. Osaic Holdings Inc. now owns 40,265 shares of the investment management company’s stock valued at $418,000 after buying an additional 1,196 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Inv Vk Ca Valu by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 55,684 shares of the investment management company’s stock valued at $620,000 after buying an additional 1,874 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Inv Vk Ca Valu by 0.5% during 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 buying an additional 3,279 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

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.