BlackRock California Municipal Income Trust (NYSE:BFZ) Sees Large Growth in Short Interest

BlackRock California Municipal Income Trust (NYSE:BFZ) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 33,081 shares, a growth of 156.1% from the January 15th total of 12,915 shares. Based on an average trading volume of 177,226 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 177,226 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock California Municipal Income Trust

Several large investors have recently added to or reduced their stakes in BFZ. Elyxium Wealth LLC bought a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at about $43,000. First Foundation Advisors acquired a new stake in shares of BlackRock California Municipal Income Trust in the third quarter valued at approximately $111,000. NewEdge Advisors LLC bought a new stake in shares of BlackRock California Municipal Income Trust during the second quarter valued at approximately $124,000. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of BlackRock California Municipal Income Trust during the second quarter valued at approximately $129,000. Finally, Susquehanna International Group LLP acquired a new position in shares of BlackRock California Municipal Income Trust during the third quarter worth approximately $133,000.

BlackRock California Municipal Income Trust Price Performance

BFZ stock traded down $0.05 during mid-day trading on Thursday, hitting $11.10. 50,093 shares of the company were exchanged, compared to its average volume of 149,848. The firm has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.83. BlackRock California Municipal Income Trust has a twelve month low of $10.17 and a twelve month high of $11.47.

BlackRock California Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a $0.0507 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, February 6th.

BlackRock California Municipal Income Trust Company Profile

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.