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

PIMCO California Municipal Income Fund (NYSE:PCQ) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 34,200 shares, a growth of 252.6% from the March 15th total of 9,700 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund

Institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO California Municipal Income Fund by 15.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 327,724 shares of the investment management company’s stock worth $2,900,000 after buying an additional 44,183 shares in the last quarter. Saba Capital Management L.P. acquired a new position in PIMCO California Municipal Income Fund in the 4th quarter worth about $150,000. Nomura Holdings Inc. purchased a new position in PIMCO California Municipal Income Fund during the fourth quarter worth approximately $271,000. Logan Stone Capital LLC increased its position in shares of PIMCO California Municipal Income Fund by 11.6% in the fourth 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, Citadel Advisors LLC acquired a new stake in PIMCO California Municipal Income Fund in the 4th quarter valued at $253,000.

PIMCO California Municipal Income Fund Stock Performance

PIMCO California Municipal Income Fund stock opened at $8.30 on Thursday. The firm has a 50-day moving average price of $8.94 and a 200-day moving average price of $9.30. PIMCO California Municipal Income Fund has a 12-month low of $8.13 and a 12-month high of $10.24.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, April 11th.

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.