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

BlackRock California Municipal Income Trust (NYSE:BFZ) was the recipient of a large 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 daily volume of 177,226 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 177,226 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at approximately $43,000. First Foundation Advisors purchased a new stake in shares of BlackRock California Municipal Income Trust in the third quarter valued at $111,000. NewEdge Advisors LLC acquired a new stake in shares of BlackRock California Municipal Income Trust during the second quarter valued at $124,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in BlackRock California Municipal Income Trust during the 2nd quarter worth about $129,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of BlackRock California Municipal Income Trust during the 3rd quarter worth about $133,000.

BlackRock California Municipal Income Trust Trading Down 0.4%

Shares of BFZ stock traded down $0.05 during mid-day trading on Friday, reaching $11.10. The stock had a trading volume of 50,093 shares, compared to its average volume of 149,848. BlackRock California Municipal Income Trust has a 12-month low of $10.17 and a 12-month high of $11.47. The business has a 50-day simple moving average of $10.94 and a 200 day simple moving average of $10.83.

BlackRock California Municipal Income Trust Dividend Announcement

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