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 drop in short interest during the month of March. As of March 15th, there was short interest totalling 213,000 shares, a drop of 27.6% from the February 28th total of 294,100 shares. Based on an average daily volume of 99,000 shares, the days-to-cover ratio is presently 2.2 days.

Invesco California Value Municipal Income Trust Stock Down 0.6 %

Shares of NYSE VCV traded down $0.06 during midday trading on Friday, reaching $10.63. The stock had a trading volume of 87,267 shares, compared to its average volume of 120,042. Invesco California Value Municipal Income Trust has a twelve month low of $9.49 and a twelve month high of $11.47. The company’s 50 day moving average price is $10.93 and its 200 day moving average price is $10.76.

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 dividend of $0.0646 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.78 dividend on an annualized basis and a yield of 7.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VCV. Atria Wealth Solutions Inc. lifted 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 acquiring an additional 103,126 shares during the period. Ameriprise Financial Inc. raised its holdings 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 boosted its position in shares of Invesco California Value Municipal Income Trust by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 513,271 shares of the investment management company’s stock worth $5,615,000 after purchasing an additional 70,560 shares in the last quarter. Cypress Wealth Services LLC bought a new position in shares of Invesco California Value Municipal Income Trust during the 4th quarter worth about $718,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Invesco California Value Municipal Income Trust during the fourth quarter valued at approximately $606,000. 18.80% of the stock is owned by institutional investors.

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.