Short Interest in PIMCO California Municipal Income Fund (NYSE:PCQ) Expands By 69.6%

PIMCO California Municipal Income Fund (NYSE:PCQ) was the target of a large increase in short interest in 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 volume of 89,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of PIMCO California Municipal Income Fund by 30.5% in the 4th quarter. Advisors Asset Management Inc. now owns 527,275 shares of the investment management company’s stock worth $4,767,000 after acquiring an additional 123,183 shares in the last quarter. Rivernorth Capital Management LLC increased its position in PIMCO California Municipal Income Fund by 40.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 330,170 shares of the investment management company’s stock valued at $3,288,000 after buying an additional 94,829 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in PIMCO California Municipal Income Fund by 24.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 283,541 shares of the investment management company’s stock valued at $2,563,000 after buying an additional 56,300 shares in the last quarter. Logan Stone Capital LLC increased its position 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 valued at $1,048,000 after buying an additional 12,092 shares in the last quarter. Finally, LPL Financial LLC increased its position in PIMCO California Municipal Income Fund by 2.7% during the 4th quarter. LPL Financial LLC now owns 99,513 shares of the investment management company’s stock valued at $900,000 after buying an additional 2,635 shares in the last quarter.

PIMCO California Municipal Income Fund Stock Down 0.1 %

Shares of NYSE PCQ opened at $8.93 on Monday. The business has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $9.48. PIMCO California Municipal Income Fund has a twelve month low of $8.74 and a twelve month high of $10.24.

PIMCO California Municipal Income Fund Announces Dividend

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

PIMCO California Municipal Income Fund Company Profile

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.