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 in February. As of February 15th, there was short interest totalling 52,900 shares, a growth of 34.6% from the January 31st total of 39,300 shares. Based on an average daily trading volume, of 141,700 shares, the days-to-cover ratio is currently 0.4 days.

PIMCO California Municipal Income Fund II Stock Performance

PCK stock opened at $5.95 on Tuesday. PIMCO California Municipal Income Fund II has a 52 week low of $5.50 and a 52 week high of $6.34. The firm’s 50-day moving average is $5.76 and its two-hundred day moving average is $5.93.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 13th were issued a $0.0215 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.34%.

Institutional Trading of PIMCO California Municipal Income Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc raised its holdings in shares of PIMCO California Municipal Income Fund II by 52.5% in the 4th quarter. Morse Asset Management Inc now owns 24,401 shares of the closed-end fund’s stock worth $140,000 after purchasing an additional 8,399 shares in the last quarter. Almitas Capital LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $59,000. Virtu Financial LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $70,000. Blue Bell Private Wealth Management LLC raised its holdings 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 worth $200,000 after purchasing an additional 13,033 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $75,000.

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.