PIMCO California Municipal Income Fund II (NYSE:PCK) Short Interest Down 43.3% in December

PIMCO California Municipal Income Fund II (NYSE:PCK) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 10,100 shares, a drop of 43.3% from the November 30th total of 17,800 shares. Based on an average daily volume of 112,300 shares, the short-interest ratio is currently 0.1 days.

PIMCO California Municipal Income Fund II Stock Up 0.7 %

Shares of NYSE PCK opened at $5.74 on Friday. The firm’s fifty day moving average is $5.93 and its 200 day moving average is $5.97. PIMCO California Municipal Income Fund II has a 52 week low of $5.53 and a 52 week high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.0215 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of PIMCO California Municipal Income Fund II

A number of institutional investors have recently modified their holdings of PCK. Commonwealth Equity Services LLC raised its position in 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 purchasing an additional 2,200 shares during the last quarter. Almitas Capital LLC purchased a new position in shares of PIMCO California Municipal Income Fund II during the second quarter valued at approximately $64,000. Morse Asset Management Inc purchased a new position in shares of PIMCO California Municipal Income Fund II during the third quarter valued at approximately $100,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of PIMCO California Municipal Income Fund II by 12.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 548,303 shares of the closed-end fund’s stock valued at $3,443,000 after acquiring an additional 60,054 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its holdings in PIMCO California Municipal Income Fund II by 29.9% in the second quarter. City of London Investment Management Co. Ltd. now owns 267,495 shares of the closed-end fund’s stock valued at $1,565,000 after acquiring an additional 61,501 shares in the last quarter.

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.