PIMCO California Municipal Income Fund III (NYSE:PZC – Get Free Report) 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
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.
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