Invesco California Value Municipal Income Trust (NYSE:VCV) sees significant growth in short-term interest rates

Invesco California Value Municipal Income Trust (NYSE:VCV – Get Rating) saw a sharp surge in short interest in October. As of October 31, there was short interest totaling 26,500 shares, up 76.7% from October 15, which totaled 15,000 shares. Based on an average trading volume of 148,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional investors rely on Invesco California Value Municipal Income Trust

Several large investors have recently changed their positions in VCV. Comerica Bank acquired a new stake in Invesco California Value Municipal Income Trust stock valued at approximately $403,000 during the first quarter. JFS Wealth Advisors LLC increased its stake in Invesco California Value Municipal Income Trust by 6.7% during the first quarter. JFS Wealth Advisors LLC now owns 135,201 shares of the investment management company, valued at $1,498,000, after purchasing an additional 8,471 shares last quarter. Commonwealth Equity Services LLC increased its stake in Invesco California Value Municipal Income Trust by 3.7% during the first quarter. Commonwealth Equity Services LLC now owns 72,033 shares of the investment management company, valued at $798,000, after purchasing an additional 2,561 shares last quarter. Wolverine Asset Management LLC acquired a new interest in shares of Invesco California Value Municipal Income Trust valued at approximately $946,000 during the first quarter. Finally, in Q1, Janney Montgomery Scott LLC acquired a new interest in shares of Invesco California Value Municipal Income Trust valued at approximately $165,000. Institutional investors own 9.99% of the company’s shares.

Invesco California Value Municipal Income Trust down 0.1%

NYSE:VCV traded down $0.01 on Friday to hit $9.00. 168,261 shares of the company were traded, compared to an average volume of 135,837. Invesco California Value Municipal Income Trust has a 1-year low of $8.51 and a 1-year high of $14.47. The company has a 50-day moving average price of $9.12 and a 200-day moving average price of $10.01.

Invesco California Value Municipal Income Trust cuts dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15 will receive a dividend of $0.0364 per share. The ex-dividend date is Monday November 14th. That equates to an annualized dividend of $0.44 and a yield of 4.85%.

Invesco California Value Municipal Income Trust Company Profile

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Invesco California Value Municipal Income Trust is a closed-end fixed income investment trust managed by Invesco Ltd. was launched. 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 bond markets of the United States.

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