Short Interest in PIMCO California Municipal Income Fund III (NYSE:PZC) Rises By 88.5%

PIMCO California Municipal Income Fund III (NYSE:PZC) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 34,300 shares, a growth of 88.5% from the January 15th total of 18,200 shares. Based on an average daily volume of 92,100 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO California Municipal Income Fund III Stock Performance

NYSE PZC traded up $0.05 on Friday, reaching $6.77. The stock had a trading volume of 50,217 shares, compared to its average volume of 81,834. The business has a 50 day moving average price of $6.82 and a 200 day moving average price of $7.14. PIMCO California Municipal Income Fund III has a 1 year low of $6.60 and a 1 year high of $7.90.

PIMCO California Municipal Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.0295 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.35 annualized dividend and a dividend yield of 5.23%.

Institutional Trading of PIMCO California Municipal Income Fund III

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $29,000. Farther Finance Advisors LLC acquired a new position in shares of PIMCO California Municipal Income Fund III during the 3rd quarter worth about $38,000. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $80,000. Virtu Financial LLC acquired a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $86,000. Finally, Beta Wealth Group Inc. acquired a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $142,000.

PIMCO California Municipal Income Fund III Company Profile

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