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

PIMCO California Municipal Income Fund II (NYSE:PCK) saw a large growth in short interest during the month of 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 short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new position in PIMCO California Municipal Income Fund II during the third quarter worth about $547,000. Morse Asset Management Inc bought a new position in shares of PIMCO California Municipal Income Fund II in the third quarter valued at approximately $100,000. Hennion & Walsh Asset Management Inc. increased its position in shares of PIMCO California Municipal Income Fund II by 13.8% during the fourth 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 during the fourth quarter worth $134,000. Finally, Abound Financial LLC purchased a new position in PIMCO California Municipal Income Fund II in the fourth quarter worth $113,000.

PIMCO California Municipal Income Fund II Stock Performance

PCK traded down $0.01 during midday trading on Friday, reaching $5.67. 54,476 shares of the company were exchanged, compared to its average volume of 95,445. PIMCO California Municipal Income Fund II has a one year low of $5.50 and a one year high of $6.34. The company’s fifty day moving average price is $5.80 and its 200 day moving average price is $5.90.

PIMCO California Municipal Income Fund II Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.0215 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Thursday, March 13th.

About PIMCO California Municipal Income Fund II

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.