PIMCO California Municipal Income Fund II (NYSE:PCK) Short Interest Down 18.0% in February

PIMCO California Municipal Income Fund II (NYSE:PCK) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 43,400 shares, a decline of 18.0% from the February 13th total of 52,900 shares. Based on an average trading volume of 137,800 shares, the short-interest ratio is presently 0.3 days.

PIMCO California Municipal Income Fund II Price Performance

PCK traded down $0.05 on Tuesday, reaching $5.71. The company had a trading volume of 83,770 shares, compared to its average volume of 94,989. The stock has a 50-day moving average price of $5.78 and a 200-day moving average price of $5.92. PIMCO California Municipal Income Fund II has a 1 year low of $5.50 and a 1 year high of $6.34.

PIMCO California Municipal Income Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a $0.0215 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.26 annualized dividend and a dividend yield of 4.52%.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund II

Several institutional investors and hedge funds have recently modified their holdings of PCK. Almitas Capital LLC purchased a new stake in PIMCO California Municipal Income Fund II during the 4th quarter worth $59,000. Virtu Financial LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter worth approximately $70,000. Citadel Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund II during the fourth quarter valued at approximately $75,000. Two Sigma Securities LLC acquired a new position in PIMCO California Municipal Income Fund II in the 4th quarter valued at approximately $81,000. Finally, Morse Asset Management Inc acquired a new position in PIMCO California Municipal Income Fund II in the 3rd quarter valued at approximately $100,000.

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.