PIMCO California Municipal Income Fund II (NYSE:PCK) Short Interest Update

PIMCO California Municipal Income Fund II (NYSE:PCK) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 67,300 shares, a growth of 55.1% from the February 28th total of 43,400 shares. Based on an average trading volume of 124,300 shares, the days-to-cover ratio is currently 0.5 days.

PIMCO California Municipal Income Fund II Stock Down 0.3 %

PIMCO California Municipal Income Fund II stock traded down $0.02 during trading on Monday, reaching $5.66. 69,078 shares of the company’s stock were exchanged, compared to its average volume of 95,340. PIMCO California Municipal Income Fund II has a 52-week low of $5.50 and a 52-week high of $6.34. The company’s 50-day moving average is $5.80 and its two-hundred day moving average is $5.90.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0215 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.56%.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund II

Several hedge funds have recently modified their holdings of the stock. Almitas Capital LLC acquired a new stake in PIMCO California Municipal Income Fund II in the fourth quarter valued at approximately $59,000. Virtu Financial LLC purchased a new position in shares of PIMCO California Municipal Income Fund II in the fourth quarter valued at $70,000. Citadel Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund II during the 4th quarter valued at $75,000. Two Sigma Securities LLC purchased a new stake in PIMCO California Municipal Income Fund II during the 4th quarter worth $81,000. Finally, Morse Asset Management Inc acquired a new position in PIMCO California Municipal Income Fund II in the 3rd quarter worth $100,000.

PIMCO California Municipal Income Fund II Company Profile

PIMCO California Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of United States. It seeks to invest in stocks of companies operating across diversified sectors.