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

PIMCO California Municipal Income Fund II (NYSE:PCK) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 31,200 shares, a decrease of 25.2% from the August 15th total of 41,700 shares. Based on an average trading volume of 76,400 shares, the short-interest ratio is presently 0.4 days.

PIMCO California Municipal Income Fund II Trading Up 0.2 %

NYSE PCK opened at $6.18 on Monday. PIMCO California Municipal Income Fund II has a 12 month low of $4.85 and a 12 month high of $6.18. The company’s 50 day simple moving average is $5.97 and its 200 day simple moving average is $5.84.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.0215 dividend. This represents a $0.26 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, September 13th.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

Hedge funds have recently made changes to their positions in the business. Almitas Capital LLC acquired a new position in shares of PIMCO California Municipal Income Fund II in the 2nd quarter valued at about $64,000. City of London Investment Management Co. Ltd. lifted its position in PIMCO California Municipal Income Fund II by 29.9% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock worth $1,565,000 after buying an additional 61,501 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of PIMCO California Municipal Income Fund II by 3.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 62,422 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 2,200 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of PIMCO California Municipal Income Fund II by 4.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 488,249 shares of the closed-end fund’s stock worth $2,856,000 after acquiring an additional 22,982 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of PIMCO California Municipal Income Fund II in the 1st quarter valued at approximately $74,000.

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.