Invesco California Value Municipal Income Trust (NYSE:VCV) Sees Large Drop in Short Interest

Invesco California Value Municipal Income Trust (NYSE:VCV) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 277,300 shares, a decrease of 23.1% from the January 15th total of 360,700 shares. Based on an average daily volume of 155,400 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in Invesco California Value Municipal Income Trust in the 4th quarter worth approximately $430,000. Walleye Capital LLC purchased a new stake in shares of Invesco California Value Municipal Income Trust in the 4th quarter valued at $291,000. Raymond James Financial Inc. acquired a new stake in shares of Invesco California Value Municipal Income Trust in the fourth quarter worth $606,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco California Value Municipal Income Trust by 78.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,374 shares of the investment management company’s stock worth $814,000 after purchasing an additional 32,803 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Invesco California Value Municipal Income Trust by 15.9% during the fourth quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock valued at $5,615,000 after purchasing an additional 70,560 shares during the period. 18.80% of the stock is owned by institutional investors and hedge funds.

Invesco California Value Municipal Income Trust Trading Down 0.6 %

NYSE:VCV opened at $11.03 on Friday. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47. The firm has a fifty day simple moving average of $10.87 and a 200-day simple moving average of $10.74.

Invesco California Value Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0646 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.78 dividend on an annualized basis and a yield of 7.03%.

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.