BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 15,600 shares, a drop of 5.5% from the August 15th total of 16,500 shares. Based on an average trading volume of 85,800 shares, the short-interest ratio is currently 0.2 days.
BlackRock California Municipal Income Trust Price Performance
NYSE:BFZ opened at $12.11 on Thursday. The business has a 50 day simple moving average of $11.98 and a 200-day simple moving average of $11.86. BlackRock California Municipal Income Trust has a 1 year low of $9.86 and a 1 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. Investors of record on Tuesday, October 15th will be given a $0.059 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.71 dividend on an annualized basis and a yield of 5.85%.
Institutional Inflows and Outflows
About BlackRock California Municipal Income Trust
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.
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