Inv Vk Ca Valu (NYSE:VCV) Short Interest Update

Key Points

• Short interest in Inv Vk Ca Valu (NYSE:VCV) decreased by 33.1% in September, falling to 202,200 shares from 302,400 shares at the end of August.
• The company recently announced a monthly dividend of $0.0646 per share, scheduled for payment on October 31st, resulting in an annualized yield of 7.3%.
• Institutional investors currently own 18.80% of Inv Vk Ca Valu's stock, with several hedge funds recently increasing their stakes in the company.

Inv Vk Ca Valu (NYSE:VCV - ) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 202,200 shares, a decrease of 33.1% from the August 31st total of 302,400 shares. Based on an average trading volume of 106,500 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 106,500 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Inv Vk Ca Valu

Several hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new position in Inv Vk Ca Valu in the 2nd quarter valued at approximately $50,000. HCR Wealth Advisors bought a new stake in shares of Inv Vk Ca Valu in the third quarter worth $105,000. NWF Advisory Services Inc. bought a new stake in shares of Inv Vk Ca Valu in the second quarter worth $133,000. Wealth Enhancement Advisory Services LLC increased its holdings in Inv Vk Ca Valu by 5.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,620 shares of the investment management company's stock valued at $226,000 after purchasing an additional 1,000 shares during the period. Finally, Clay Northam Wealth Management LLC raised its position in Inv Vk Ca Valu by 33.4% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company's stock worth $313,000 after purchasing an additional 7,547 shares during the last quarter. 18.80% of the stock is currently owned by institutional investors and hedge funds.

Inv Vk Ca Valu Trading Down 0.0%

VCV stock traded down $0.01 during midday trading on Monday, reaching $10.59. 60,514 shares of the stock were exchanged, compared to its average volume of 100,875. Inv Vk Ca Valu has a 52 week low of $9.51 and a 52 week high of $11.35. The company has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.30.

Inv Vk Ca Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 16th will be issued a $0.0646 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Thursday, October 16th.

Inv Vk Ca Valu 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.