BlackRock California Municipal Income Trust (NYSE:BFZ) Sees Significant Decrease in Short Interest

BlackRock California Municipal Income Trust (NYSE:BFZ) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,313 shares, a decrease of 90.2% from the December 15th total of 54,034 shares. Based on an average daily trading volume, of 196,512 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 196,512 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of BlackRock California Municipal Income Trust by 472.6% during the first quarter. Royal Bank of Canada now owns 272,999 shares of the company’s stock worth $2,998,000 after purchasing an additional 225,323 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of BlackRock California Municipal Income Trust by 13.8% during the 2nd quarter. Trilogy Capital Inc. now owns 138,336 shares of the company’s stock worth $1,495,000 after purchasing an additional 16,738 shares during the last quarter. Cypress Wealth Services LLC acquired a new stake 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 shares of BlackRock California Municipal Income Trust in the second quarter valued at $209,000. Finally, Advisors Asset Management Inc. raised its holdings in BlackRock California Municipal Income Trust by 16.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 568,664 shares of the company’s stock valued at $6,147,000 after acquiring an additional 79,735 shares during the period.

BlackRock California Municipal Income Trust Stock Up 0.2%

BlackRock California Municipal Income Trust stock traded up $0.02 during midday trading on Wednesday, hitting $11.00. The stock had a trading volume of 299,526 shares, compared to its average volume of 133,692. BlackRock California Municipal Income Trust has a 12 month low of $10.17 and a 12 month high of $11.47. The business has a fifty day moving average price of $10.87 and a 200 day moving average price of $10.78.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued a $0.0507 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 5.5%.

BlackRock California Municipal Income Trust Company Profile

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.