Inv Vk Ca Valu (NYSE:VCV) Shares Shorted: Short Interest Down 35.3% in September

Inv Vk Ca Valu (NYSE:VCV) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 155,425 shares, a decrease of 35.3% from the September 15th total of 240,320 shares. Based on an average daily volume of 340,942 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Inv Vk Ca Valu

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Inv Vk Ca Valu during the 2nd quarter worth about $41,000. Independent Financial Group LLC acquired a new stake in shares of Inv Vk Ca Valu in the 1st quarter valued at approximately $123,000. RB Capital Management LLC acquired a new stake in shares of Inv Vk Ca Valu in the 2nd quarter valued at approximately $140,000. NWF Advisory Services Inc. acquired a new stake in shares of Inv Vk Ca Valu in the 4th quarter valued at approximately $166,000. Finally, Kestra Advisory Services LLC boosted its stake in Inv Vk Ca Valu by 639.9% during the 1st quarter. Kestra Advisory Services LLC now owns 25,704 shares of the investment management company’s stock worth $268,000 after acquiring an additional 22,230 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu Trading Up 0.5%

Shares of VCV traded up $0.05 during trading hours on Friday, hitting $9.00. 193,556 shares of the stock traded hands, compared to its average volume of 371,510. Inv Vk Ca Valu has a 1-year low of $8.70 and a 1-year high of $11.38. The business has a fifty day moving average of $9.80 and a 200-day moving average of $10.34.

Inv Vk Ca Valu Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Wednesday, October 14th. This is a positive change from Inv Vk Ca Valu’s previous monthly dividend of $0.0646.

About Inv Vk Ca Valu

Invesco California Value Municipal Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol VCV. The trust seeks to provide current income that is exempt from regular federal income tax and California state income tax.

The fund invests primarily in municipal securities issued by or on behalf of California state and local governments, public authorities and other municipal entities. These securities may help finance public infrastructure and services such as transportation, utilities, education, health care and housing.