Short Interest in PIMCO California Municipal Income Fund II (NYSE:PCK) Grows By 25.4%

by · The Cerbat Gem

PIMCO California Municipal Income Fund II (NYSE:PCK – Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 84,400 shares, a growth of 25.4% from the March 15th total of 67,300 shares. Based on an average daily volume of 106,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund II

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc purchased a new stake in shares of PIMCO California Municipal Income Fund II during the third quarter worth about $100,000. Hennion & Walsh Asset Management Inc. increased its holdings in PIMCO California Municipal Income Fund II by 13.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 624,074 shares of the closed-end fund’s stock valued at $3,570,000 after acquiring an additional 75,771 shares during the last quarter. Silicon Valley Capital Partners bought a new stake in PIMCO California Municipal Income Fund II in the 4th quarter valued at $134,000. Abound Financial LLC purchased a new stake in PIMCO California Municipal Income Fund II in the 4th quarter worth $113,000. Finally, Bank of New York Mellon Corp bought a new position in shares of PIMCO California Municipal Income Fund II during the 4th quarter valued at about $736,000.

PIMCO California Municipal Income Fund II Stock Performance

Shares of PCK traded up $0.02 during mid-day trading on Friday, reaching $5.35. The stock had a trading volume of 73,049 shares, compared to its average volume of 96,590. The business has a fifty day moving average of $5.71 and a 200 day moving average of $5.82. PIMCO California Municipal Income Fund II has a 12 month low of $5.18 and a 12 month high of $6.34.

PIMCO California Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a $0.0215 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.26 dividend on an annualized basis and a yield of 4.82%.

About PIMCO California Municipal Income Fund II

(Get Free Report)

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.

Featured Stories