Inv Vk Ca Valu (NYSE:VCV) Sees Significant Decrease in Short Interest

Inv Vk Ca Valu (NYSE:VCV) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 91,913 shares, a decline of 36.5% from the March 31st total of 144,638 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 119,248 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Inv Vk Ca Valu

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC raised its stake in shares of Inv Vk Ca Valu by 639.9% in the 1st quarter. Kestra Advisory Services LLC now owns 25,704 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 22,230 shares during the period. NWF Advisory Services Inc. acquired a new stake in shares of Inv Vk Ca Valu in the 4th quarter valued at about $166,000. Argyle Capital Partners LLC raised its stake in shares of Inv Vk Ca Valu by 12.1% in the 4th quarter. Argyle Capital Partners LLC now owns 46,364 shares of the investment management company’s stock valued at $516,000 after purchasing an additional 5,000 shares during the period. Guggenheim Capital LLC raised its stake in shares of Inv Vk Ca Valu by 25.9% in the 4th quarter. Guggenheim Capital LLC now owns 1,085,630 shares of the investment management company’s stock valued at $12,083,000 after purchasing an additional 223,658 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Inv Vk Ca Valu by 28.9% in the 4th quarter. Osaic Holdings Inc. now owns 99,131 shares of the investment management company’s stock valued at $1,103,000 after purchasing an additional 22,209 shares during the period. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu Stock Performance

VCV stock traded up $0.03 during midday trading on Thursday, hitting $10.73. 82,528 shares of the company’s stock were exchanged, compared to its average volume of 90,532. The stock’s fifty day moving average price is $10.75 and its 200-day moving average price is $10.92. Inv Vk Ca Valu has a one year low of $9.96 and a one year high of $11.38.

Inv Vk Ca Valu Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 14th will be issued a dividend of $0.0646 per share. The ex-dividend date is Tuesday, April 14th. This represents a c) annualized dividend and a yield of 7.2%.

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.