BlackRock California Municipal Income Trust (NYSE:BFZ) Sees Large Increase in Short Interest

BlackRock California Municipal Income Trust (NYSE:BFZ) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 18,700 shares, an increase of 50.8% from the September 30th total of 12,400 shares. Based on an average trading volume of 82,700 shares, the short-interest ratio is currently 0.2 days.

BlackRock California Municipal Income Trust Stock Up 0.9 %

Shares of NYSE:BFZ traded up $0.11 during trading on Friday, reaching $11.98. The stock had a trading volume of 62,246 shares, compared to its average volume of 68,905. The firm’s 50-day simple moving average is $12.01 and its 200 day simple moving average is $11.90. BlackRock California Municipal Income Trust has a one year low of $9.86 and a one year high of $12.31.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.059 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.71 annualized dividend and a dividend yield of 5.91%.

Institutional Trading of BlackRock California Municipal Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trilogy Capital Inc. grew its position in shares of BlackRock California Municipal Income Trust by 292.8% during the third quarter. Trilogy Capital Inc. now owns 107,261 shares of the company’s stock worth $1,297,000 after buying an additional 79,952 shares in the last quarter. Cypress Wealth Services LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the third quarter worth approximately $250,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the second quarter worth approximately $509,000. B. Riley Wealth Advisors Inc. purchased a new position in BlackRock California Municipal Income Trust in the first quarter worth $193,000. Finally, Advisors Asset Management Inc. raised its position in BlackRock California Municipal Income Trust by 10.6% in the first quarter. Advisors Asset Management Inc. now owns 476,270 shares of the company’s stock worth $5,630,000 after acquiring an additional 45,611 shares in the last quarter.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.