PIMCO California Municipal Income Fund II (NYSE:PCK – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 34,600 shares, a drop of 13.5% from the May 31st total of 40,000 shares. Based on an average daily volume of 70,700 shares, the short-interest ratio is presently 0.5 days.
Institutional Investors Weigh In On PIMCO California Municipal Income Fund II
A number of hedge funds and other institutional investors have recently made changes to their positions in PCK. Fiera Capital Corp purchased a new position in PIMCO California Municipal Income Fund II during the fourth quarter worth approximately $3,805,000. Matisse Capital raised its position in shares of PIMCO California Municipal Income Fund II by 1,442.9% in the 4th quarter. Matisse Capital now owns 268,583 shares of the closed-end fund’s stock worth $1,558,000 after buying an additional 251,175 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in PIMCO California Municipal Income Fund II in the fourth quarter valued at $1,377,000. Williams & Novak LLC purchased a new stake in PIMCO California Municipal Income Fund II during the fourth quarter valued at about $1,382,000. Finally, City of London Investment Management Co. Ltd. acquired a new stake in PIMCO California Municipal Income Fund II during the first quarter worth about $1,189,000.
PIMCO California Municipal Income Fund II Stock Down 0.5 %
NYSE PCK traded down $0.03 during mid-day trading on Monday, reaching $5.82. 79,318 shares of the stock were exchanged, compared to its average volume of 72,914. PIMCO California Municipal Income Fund II has a 1-year low of $4.85 and a 1-year high of $6.07. The business’s fifty day simple moving average is $5.80 and its 200 day simple moving average is $5.78.
PIMCO California Municipal Income Fund II Announces Dividend
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.
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