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

Invesco California Value Municipal Income Trust (NYSE:VCV - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 286,800 shares, an increase of 61.9% from the April 30th total of 177,200 shares. Based on an average trading volume of 100,000 shares, the short-interest ratio is currently 2.9 days. Approximately 0.6% of the shares of the company are short sold.

Invesco California Value Municipal Income Trust Trading Down 0.3%

VCV stock traded down $0.03 on Wednesday, reaching $10.31. 186,808 shares of the company were exchanged, compared to its average volume of 124,130. Invesco California Value Municipal Income Trust has a 12 month low of $9.51 and a 12 month high of $11.47. The stock's fifty day moving average price is $10.25 and its 200 day moving average price is $10.62.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Tuesday, June 17th.

Institutional Investors Weigh In On Invesco California Value Municipal Income Trust

Several hedge funds have recently made changes to their positions in VCV. Atria Wealth Solutions Inc. increased its stake in Invesco California Value Municipal Income Trust by 67.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 255,413 shares of the investment management company's stock valued at $2,794,000 after acquiring an additional 103,126 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco California Value Municipal Income Trust by 212.3% during the fourth quarter. Ameriprise Financial Inc. now owns 119,647 shares of the investment management company's stock valued at $1,309,000 after purchasing an additional 81,340 shares during the period. Wells Fargo & Company MN raised its stake in shares of 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 purchasing an additional 70,560 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Invesco California Value Municipal Income Trust by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 632,132 shares of the investment management company's stock valued at $6,707,000 after purchasing an additional 57,010 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Invesco California Value Municipal Income Trust in the fourth quarter worth $606,000. Institutional investors own 18.80% of the company's stock.

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.