Inv Vk Ca Valu (NYSE:VCV) Sees Large Growth in Short Interest

Inv Vk Ca Valu (NYSE:VCV) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 126,646 shares, an increase of 80.1% from the June 30th total of 70,317 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 82,180 shares, the short-interest ratio is presently 1.5 days.

Inv Vk Ca Valu Stock Down 0.3%

Inv Vk Ca Valu stock traded down $0.03 during mid-day trading on Thursday, reaching $10.50. 85,574 shares of the company traded hands, compared to its average volume of 97,535. Inv Vk Ca Valu has a 52-week low of $9.98 and a 52-week high of $11.38. The firm’s 50 day moving average price is $10.67 and its 200 day moving average price is $10.80.

Inv Vk Ca Valu Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.0646 per share. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Institutional Trading of Inv Vk Ca Valu

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new stake in Inv Vk Ca Valu during the 4th quarter valued at approximately $201,000. US Bancorp DE bought a new position in shares of Inv Vk Ca Valu in the 3rd quarter worth approximately $102,000. Kestra Advisory Services LLC purchased a new position in shares of Inv Vk Ca Valu in the 4th quarter valued at approximately $39,000. Royal Bank of Canada lifted its stake in shares of Inv Vk Ca Valu by 24.8% in the 1st quarter. Royal Bank of Canada now owns 34,335 shares of the investment management company’s stock valued at $359,000 after purchasing an additional 6,822 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Inv Vk Ca Valu during the first quarter valued at approximately $465,000. 18.80% of the stock is currently owned by hedge funds and other institutional investors.

Inv Vk Ca Valu Company Profile

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.