Invesco California Value Municipal Income Trust (NYSE:VCV) Short Interest Update

Invesco California Value Municipal Income Trust (NYSE:VCV) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 294,100 shares, a decline of 14.1% from the February 13th total of 342,300 shares. Based on an average daily trading volume, of 116,800 shares, the days-to-cover ratio is presently 2.5 days.

Invesco California Value Municipal Income Trust Price Performance

Shares of NYSE:VCV traded up $0.13 during midday trading on Thursday, hitting $10.67. The stock had a trading volume of 8,829 shares, compared to its average volume of 119,714. The company’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.78. Invesco California Value Municipal Income Trust has a fifty-two week low of $9.49 and a fifty-two week high of $11.47.

Invesco California Value Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. grew its holdings in shares of Invesco California Value Municipal Income Trust by 6.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 582,252 shares of the investment management company’s stock valued at $6,341,000 after purchasing an additional 34,370 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Invesco California Value Municipal Income Trust by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after acquiring an additional 70,560 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in Invesco California Value Municipal Income Trust by 67.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company’s stock worth $2,794,000 after acquiring an additional 103,126 shares during the last quarter. Bank of America Corp DE grew its holdings in Invesco California Value Municipal Income Trust by 8.2% during the 4th quarter. Bank of America Corp DE now owns 185,398 shares of the investment management company’s stock worth $2,028,000 after acquiring an additional 13,972 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in Invesco California Value Municipal Income Trust by 1.1% during the 4th quarter. LPL Financial LLC now owns 120,617 shares of the investment management company’s stock worth $1,320,000 after acquiring an additional 1,339 shares during the last quarter. 18.80% of the stock is owned by institutional investors.

About Invesco California Value Municipal Income Trust

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.