Short Interest in PIMCO California Municipal Income Fund III (NYSE:PZC) Increases By 390.0%

PIMCO California Municipal Income Fund III (NYSE:PZC) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 4,900 shares, an increase of 390.0% from the September 30th total of 1,000 shares. Based on an average trading volume of 53,700 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO California Municipal Income Fund III Price Performance

PIMCO California Municipal Income Fund III stock traded up $0.06 during midday trading on Friday, hitting $7.35. The company’s stock had a trading volume of 26,353 shares, compared to its average volume of 49,354. The stock’s 50-day moving average price is $7.40 and its 200-day moving average price is $7.25. PIMCO California Municipal Income Fund III has a 12 month low of $6.38 and a 12 month high of $7.90.

PIMCO California Municipal Income Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.0295 per share. The ex-dividend date is Friday, October 11th. This represents a $0.35 annualized dividend and a yield of 4.82%.

Institutional Trading of PIMCO California Municipal Income Fund III

Institutional investors and hedge funds have recently bought and sold shares of the stock. Logan Stone Capital LLC acquired a new stake in PIMCO California Municipal Income Fund III during the 2nd quarter worth about $83,000. Wolverine Asset Management LLC raised its holdings in PIMCO California Municipal Income Fund III by 5,134.2% during the 2nd quarter. Wolverine Asset Management LLC now owns 31,405 shares of the investment management company’s stock worth $225,000 after buying an additional 30,805 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in PIMCO California Municipal Income Fund III by 5.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 483,955 shares of the investment management company’s stock worth $3,673,000 after buying an additional 25,453 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in PIMCO California Municipal Income Fund III by 12.8% during the 1st quarter. Advisors Asset Management Inc. now owns 654,727 shares of the investment management company’s stock worth $4,969,000 after buying an additional 74,055 shares during the period.

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.