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

BlackRock California Municipal Income Trust (NYSE:BFZ) was the recipient of a large growth in short interest in 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 daily volume of 128,822 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 128,822 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock California Municipal Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of BlackRock California Municipal Income Trust by 472.6% during the 1st quarter. Royal Bank of Canada now owns 272,999 shares of the company’s stock valued at $2,998,000 after buying an additional 225,323 shares in the last quarter. Trilogy Capital Inc. boosted its holdings in BlackRock California Municipal Income Trust by 13.8% in the 2nd quarter. Trilogy Capital Inc. now owns 138,336 shares of the company’s stock worth $1,495,000 after buying an additional 16,738 shares during the last quarter. Cypress Wealth Services LLC purchased a new position in shares of BlackRock California Municipal Income Trust in the second quarter valued at approximately $586,000. Global Retirement Partners LLC acquired a new position in BlackRock California Municipal Income Trust in the 2nd quarter valued at $209,000. Finally, Advisors Asset Management Inc. raised its position in shares of BlackRock California Municipal Income Trust by 16.3% in the second quarter. Advisors Asset Management Inc. now owns 568,664 shares of the company’s stock valued at $6,147,000 after buying an additional 79,735 shares during the last quarter.

BlackRock California Municipal Income Trust Stock Up 0.2%

BFZ stock traded up $0.03 during trading on Thursday, reaching $11.15. The company had a trading volume of 160,466 shares, compared to its average volume of 157,914. BlackRock California Municipal Income Trust has a twelve month low of $10.17 and a twelve month high of $11.47. The firm has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.79.

BlackRock California Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders 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.

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.