Short Interest in Invesco California Value Municipal Income Trust (NYSE:VCV) Expands By 101.7%

Invesco California Value Municipal Income Trust (NYSE:VCVGet Rating) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 11,900 shares, a growth of 101.7% from the March 31st total of 5,900 shares. Based on an average daily volume of 141,100 shares, the short-interest ratio is currently 0.1 days.

A number of institutional investors and hedge funds have recently bought and sold shares of VCV. Morgan Stanley raised its holdings in shares of Invesco California Value Municipal Income Trust by 0.8% in the second quarter. Morgan Stanley now owns 957,884 shares of the investment management company’s stock valued at $13,324,000 after purchasing an additional 8,068 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Invesco California Value Municipal Income Trust by 5.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 105,484 shares of the investment management company’s stock worth $1,456,000 after buying an additional 5,283 shares during the last quarter. Pasadena Private Wealth LLC bought a new position in shares of Invesco California Value Municipal Income Trust in the third quarter valued at approximately $138,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Invesco California Value Municipal Income Trust during the third quarter valued at approximately $209,000. Finally, RB Capital Management LLC lifted its holdings in Invesco California Value Municipal Income Trust by 3.3% during the third quarter. RB Capital Management LLC now owns 41,413 shares of the investment management company’s stock worth $572,000 after acquiring an additional 1,341 shares during the period. 9.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Invesco California Value Municipal Income Trust stock opened at $10.52 on Friday. Invesco California Value Municipal Income Trust has a 52 week low of $10.39 and a 52 week high of $14.49. The business has a 50 day moving average price of $11.10 and a 200-day moving average price of $12.51.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be given a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, April 14th.

Invesco California Value Municipal Income Trust Company Profile (Get Rating)

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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