BlackRock California Municipal Income Trust (NYSE:BFZ) Short Interest Update

BlackRock California Municipal Income Trust (NYSE:BFZ) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 33,081 shares, a growth of 156.1% from the January 15th total of 12,915 shares. Based on an average daily trading volume, of 177,226 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 177,226 shares, the short-interest ratio is presently 0.2 days.

BlackRock California Municipal Income Trust Stock Performance

Shares of NYSE BFZ traded down $0.05 during mid-day trading on Friday, reaching $11.10. The company had a trading volume of 50,093 shares, compared to its average volume of 149,848. The company has a 50-day moving average price of $10.94 and a two-hundred day moving average price of $10.83. BlackRock California Municipal Income Trust has a 1-year low of $10.17 and a 1-year high of $11.47.

BlackRock California Municipal Income Trust Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Fiera Capital Corp acquired a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter valued at approximately $2,881,000. Royal Bank of Canada raised its holdings in BlackRock California Municipal Income Trust by 472.6% in the 1st quarter. Royal Bank of Canada now owns 272,999 shares of the company’s stock worth $2,998,000 after acquiring an additional 225,323 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock California Municipal Income Trust by 161.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 327,258 shares of the company’s stock worth $3,583,000 after purchasing an additional 201,972 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of BlackRock California Municipal Income Trust by 15.5% in the second quarter. Guggenheim Capital LLC now owns 652,161 shares of the company’s stock valued at $7,050,000 after acquiring an additional 87,599 shares during the period. Finally, Advisors Asset Management Inc. grew its position 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 worth $6,147,000 after purchasing an additional 79,735 shares during the last quarter.

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.