PIMCO California Municipal Income Fund II (NYSE:PCK – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 34,600 shares, a decline of 13.5% from the May 31st total of 40,000 shares. Based on an average daily trading volume, of 70,700 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On PIMCO California Municipal Income Fund II
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SageView Advisory Group LLC bought a new stake in PIMCO California Municipal Income Fund II in the first quarter valued at $59,000. D.A. Davidson & CO. boosted its stake in shares of PIMCO California Municipal Income Fund II by 21.7% in the 4th quarter. D.A. Davidson & CO. now owns 12,553 shares of the closed-end fund’s stock valued at $73,000 after purchasing an additional 2,238 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of PIMCO California Municipal Income Fund II in the 4th quarter valued at $74,000. Cetera Advisors LLC bought a new stake in shares of PIMCO California Municipal Income Fund II in the 1st quarter worth about $74,000. Finally, Summit Trail Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund II during the 4th quarter worth about $79,000.
PIMCO California Municipal Income Fund II Price Performance
NYSE PCK opened at $5.85 on Friday. PIMCO California Municipal Income Fund II has a twelve month low of $4.85 and a twelve month high of $6.07. The company’s 50-day simple moving average is $5.80 and its 200 day simple moving average is $5.78.
PIMCO California Municipal Income Fund II Announces Dividend
PIMCO California Municipal Income Fund II Company Profile
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.
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