Invesco California Value Municipal Income Trust (NYSE:VCV) Short Interest Down 27.6% in March

Invesco California Value Municipal Income Trust (NYSE:VCV) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 213,000 shares, a decline of 27.6% from the February 28th total of 294,100 shares. Based on an average daily volume of 99,000 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Several hedge funds have recently bought and sold shares of VCV. Atria Wealth Solutions Inc. raised its position in shares of 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 valued at $2,794,000 after buying an additional 103,126 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco California Value Municipal Income Trust by 212.3% in the fourth quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company’s stock valued at $1,309,000 after acquiring an additional 81,340 shares during the last quarter. Wells Fargo & Company MN increased its stake in Invesco California Value Municipal Income Trust by 15.9% in 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 acquiring an additional 70,560 shares during the last quarter. Cypress Wealth Services LLC purchased a new stake in Invesco California Value Municipal Income Trust during the fourth quarter valued at about $718,000. Finally, Raymond James Financial Inc. bought a new stake in Invesco California Value Municipal Income Trust in the fourth quarter worth $606,000. 18.80% of the stock is currently owned by institutional investors.

Invesco California Value Municipal Income Trust Trading Down 0.3 %

Shares of Invesco California Value Municipal Income Trust stock traded down $0.04 during trading on Tuesday, hitting $10.58. The stock had a trading volume of 155,688 shares, compared to its average volume of 120,473. Invesco California Value Municipal Income Trust has a 12 month low of $9.49 and a 12 month high of $11.47. The business’s 50-day moving average is $10.92 and its 200 day moving average is $10.75.

Invesco California Value Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.0646 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $0.78 annualized dividend and a dividend yield of 7.33%.

Invesco California Value Municipal Income Trust Company Profile

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.