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

PIMCO California Municipal Income Fund (NYSE:PCQ) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 7,800 shares, an increase of 69.6% from the February 13th total of 4,600 shares. Based on an average daily trading volume, of 89,100 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PCQ. Logan Stone Capital LLC increased its stake in PIMCO California Municipal Income Fund by 11.6% during the 4th quarter. Logan Stone Capital LLC now owns 115,951 shares of the investment management company’s stock worth $1,048,000 after buying an additional 12,092 shares during the period. LPL Financial LLC increased its holdings in shares of PIMCO California Municipal Income Fund by 2.7% in the 4th quarter. LPL Financial LLC now owns 99,513 shares of the investment management company’s stock valued at $900,000 after purchasing an additional 2,635 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of PIMCO California Municipal Income Fund by 12.3% in the 4th quarter. Wedbush Securities Inc. now owns 29,044 shares of the investment management company’s stock valued at $263,000 after purchasing an additional 3,192 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in PIMCO California Municipal Income Fund during the 4th quarter valued at about $485,000. Finally, Advisors Asset Management Inc. increased its holdings in PIMCO California Municipal Income Fund by 30.5% during the 4th quarter. Advisors Asset Management Inc. now owns 527,275 shares of the investment management company’s stock valued at $4,767,000 after acquiring an additional 123,183 shares in the last quarter.

PIMCO California Municipal Income Fund Stock Down 0.1 %

Shares of NYSE:PCQ traded down $0.01 during midday trading on Friday, reaching $8.93. The company’s stock had a trading volume of 96,913 shares, compared to its average volume of 64,201. PIMCO California Municipal Income Fund has a twelve month low of $8.74 and a twelve month high of $10.24. The stock has a fifty day moving average of $9.09 and a 200 day moving average of $9.48.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.036 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.84%.

About PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund 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 the United States. It seeks to invest in stocks of companies operating across diversified sectors.