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

Key Points

• Short interest fell 36.5% to 91,913 shares as of April 15, leaving a short-interest ratio of about 0.8 days and only 0.2% of the float sold short.
• $0.0646 monthly dividend was declared (annualized yield ~7.2%), with record/ex-dividend date on April 14 and payment on April 30.
• Several institutions initiated small positions recently, leaving 18.8% institutional ownership; the stock traded up 0.4% to $10.71 on volume above average.

Inv Vk Ca Valu (NYSE:VCV - ) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 91,913 shares, a drop of 36.5% from the March 31st total of 144,638 shares. Based on an average daily trading volume, of 119,248 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company's stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Inv Vk Ca Valu during the fourth quarter valued at about $39,000. US Bancorp DE bought a new stake in Inv Vk Ca Valu in the third quarter worth about $102,000. Eclectic Associates Inc. ADV bought a new stake in Inv Vk Ca Valu in the fourth quarter worth about $138,000. NWF Advisory Services Inc. bought a new stake in Inv Vk Ca Valu in the fourth quarter worth about $166,000. Finally, SteelPeak Wealth LLC bought a new stake in Inv Vk Ca Valu in the fourth quarter worth about $176,000. 18.80% of the stock is owned by institutional investors.

Inv Vk Ca Valu Stock Up 0.4%

Shares of Inv Vk Ca Valu stock traded up $0.04 during trading hours on Tuesday, reaching $10.71. The company's stock had a trading volume of 124,286 shares, compared to its average volume of 93,151. Inv Vk Ca Valu has a one year low of $9.95 and a one year high of $11.38. The stock's fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $10.92.

Inv Vk Ca Valu Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 14th will be given a dividend of $0.0646 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, April 14th.

About Inv Vk Ca Valu

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. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.

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