BlackRock California Municipal Income Trust (NYSE:BFZ) Short Interest Down 90.2% in December

BlackRock California Municipal Income Trust (NYSE:BFZ) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 5,313 shares, a decline of 90.2% from the December 15th total of 54,034 shares. Based on an average daily volume of 196,512 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 196,512 shares, the short-interest ratio is presently 0.0 days.

BlackRock California Municipal Income Trust Stock Down 0.1%

BFZ stock traded down $0.02 on Monday, hitting $10.92. 111,038 shares of the company’s stock traded hands, compared to its average volume of 105,977. BlackRock California Municipal Income Trust has a 1-year low of $10.17 and a 1-year high of $11.50. The stock has a fifty day moving average of $10.87 and a 200-day moving average of $10.77.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.0507 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, February 6th.

Hedge Funds Weigh In On BlackRock California Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFZ. First Foundation Advisors acquired a new stake in BlackRock California Municipal Income Trust during the 3rd quarter worth about $111,000. NewEdge Advisors LLC acquired a new position in shares of BlackRock California Municipal Income Trust in the second quarter worth $124,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of BlackRock California Municipal Income Trust in the second quarter worth $129,000. Susquehanna International Group LLP purchased a new stake in shares of BlackRock California Municipal Income Trust during the third quarter worth $133,000. Finally, Wedbush Securities Inc. acquired a new stake in BlackRock California Municipal Income Trust during the third quarter valued at $148,000.

About BlackRock California Municipal Income Trust

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.