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

Inv Vk Ca Valu (NYSE:VCV – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 155,425 shares, a drop of 35.3% from the September 15th total of 240,320 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 340,942 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Inv Vk Ca Valu during the second quarter valued at about $41,000. Independent Financial Group LLC acquired a new stake in Inv Vk Ca Valu in the 1st quarter valued at approximately $123,000. RB Capital Management LLC acquired a new stake in Inv Vk Ca Valu in the 2nd quarter valued at approximately $140,000. SteelPeak Wealth LLC increased its holdings in Inv Vk Ca Valu by 14.6% in the 3rd quarter. SteelPeak Wealth LLC now owns 18,114 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 2,314 shares during the last quarter. Finally, NWF Advisory Services Inc. acquired a new stake in Inv Vk Ca Valu in the 4th quarter valued at approximately $166,000. Institutional investors and hedge funds own 18.80% of the company’s stock.

Inv Vk Ca Valu Trading Up 0.5%

NYSE VCV opened at $9.00 on Friday. Inv Vk Ca Valu has a twelve month low of $8.70 and a twelve month high of $11.38. The stock has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $10.34.

Inv Vk Ca Valu Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a $0.0646 dividend. This is an increase from Inv Vk Ca Valu’s previous monthly dividend of $0.0646. The ex-dividend date is Wednesday, October 14th. This represents a $0.78 annualized dividend and a yield of 8.6%.

About Inv Vk Ca Valu

(Get Free Report)

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.

Further Reading

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