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

PIMCO California Municipal Income Fund II (NYSE:PCK) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 67,300 shares, an increase 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 presently 0.5 days.

Institutional Trading of PIMCO California Municipal Income Fund II

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in PIMCO California Municipal Income Fund II in the fourth quarter valued at $736,000. Advisors Asset Management Inc. raised its holdings in shares of PIMCO California Municipal Income Fund II by 4.2% in the 4th quarter. Advisors Asset Management Inc. now owns 667,468 shares of the closed-end fund’s stock worth $3,818,000 after purchasing an additional 26,791 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of PIMCO California Municipal Income Fund II by 59.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 34,963 shares of the closed-end fund’s stock valued at $200,000 after purchasing an additional 13,033 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of PIMCO California Municipal Income Fund II during the 4th quarter worth about $113,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of PIMCO California Municipal Income Fund II during the 3rd quarter worth about $547,000.

PIMCO California Municipal Income Fund II Trading Down 0.3 %

Shares of PCK stock traded down $0.02 during trading hours on Monday, hitting $5.66. 69,078 shares of the company were exchanged, compared to its average volume of 95,340. The firm has a fifty day moving average of $5.80 and a 200 day moving average of $5.90. PIMCO California Municipal Income Fund II has a 1 year low of $5.50 and a 1 year high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

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

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.