Short Interest in BlackRock California Municipal Income Trust (NYSE:BFZ) Expands By 143.1%

BlackRock California Municipal Income Trust (NYSE:BFZ) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 12,915 shares, a growth of 143.1% from the December 31st total of 5,313 shares. Based on an average trading volume of 128,822 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 128,822 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock California Municipal Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Foundation Advisors purchased a new position in shares of BlackRock California Municipal Income Trust in the 3rd quarter valued at approximately $111,000. NewEdge Advisors LLC acquired a new stake in shares of BlackRock California Municipal Income Trust during the second quarter worth $124,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in BlackRock California Municipal Income Trust in the 2nd quarter valued at $129,000. Susquehanna International Group LLP purchased a new position in BlackRock California Municipal Income Trust in the 3rd quarter valued at $133,000. Finally, Wedbush Securities Inc. acquired a new position in BlackRock California Municipal Income Trust in the 3rd quarter valued at $148,000.

BlackRock California Municipal Income Trust Stock Up 0.2%

BFZ stock traded up $0.02 on Friday, hitting $11.19. The company’s stock had a trading volume of 59,192 shares, compared to its average volume of 152,975. The firm has a 50 day moving average of $10.89 and a two-hundred day moving average of $10.79. BlackRock California Municipal Income Trust has a 1 year low of $10.17 and a 1 year high of $11.47.

BlackRock California Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be paid a dividend of $0.0507 per share. The ex-dividend date is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 5.4%.

About BlackRock California Municipal Income Trust

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.