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

Inv Vk Ca Valu (NYSE:VCV) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 148,445 shares, a drop of 19.8% from the November 30th total of 185,076 shares. Based on an average daily volume of 164,661 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 164,661 shares, the days-to-cover ratio is currently 0.9 days.

Inv Vk Ca Valu Price Performance

Shares of NYSE:VCV traded up $0.01 on Wednesday, hitting $11.12. The company had a trading volume of 213,107 shares, compared to its average volume of 140,286. The stock has a 50 day moving average price of $10.93 and a 200 day moving average price of $10.56. Inv Vk Ca Valu has a 1-year low of $9.51 and a 1-year high of $11.38.

Inv Vk Ca Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.0646 dividend. The ex-dividend date is Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Investors Weigh In On Inv Vk Ca Valu

Several hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in shares of Inv Vk Ca Valu 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 during the last quarter. Clay Northam Wealth Management LLC grew its holdings in Inv Vk Ca Valu by 33.4% in the 2nd quarter. Clay Northam Wealth Management LLC now owns 30,147 shares of the investment management company’s stock valued at $313,000 after buying an additional 7,547 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Inv Vk Ca Valu in the 2nd quarter valued at $50,000. Envestnet Asset Management Inc. increased its position in Inv Vk Ca Valu by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,083 shares of the investment management company’s stock worth $322,000 after buying an additional 1,074 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Inv Vk Ca Valu by 3.1% during the second quarter. Osaic Holdings Inc. now owns 40,265 shares of the investment management company’s stock worth $418,000 after buying an additional 1,196 shares in the last quarter. 18.80% of the stock is currently owned by institutional investors and hedge funds.

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.