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

PIMCO California Municipal Income Fund III (NYSE:PZC) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 29,800 shares, a decline of 19.5% from the February 28th total of 37,000 shares. Based on an average daily volume of 80,700 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of PIMCO California Municipal Income Fund III

Several hedge funds and other institutional investors have recently made changes to their positions in PZC. Logan Stone Capital LLC grew its stake in PIMCO California Municipal Income Fund III by 332.4% during the 4th quarter. Logan Stone Capital LLC now owns 115,841 shares of the investment management company’s stock worth $796,000 after buying an additional 89,050 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO California Municipal Income Fund III by 19.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 395,179 shares of the investment management company’s stock worth $2,715,000 after acquiring an additional 63,236 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PIMCO California Municipal Income Fund III during the fourth quarter worth about $338,000. Bank of New York Mellon Corp acquired a new position in shares of PIMCO California Municipal Income Fund III during the fourth quarter valued at about $249,000. Finally, Wolverine Asset Management LLC raised its position in shares of PIMCO California Municipal Income Fund III by 40.0% in the 4th quarter. Wolverine Asset Management LLC now owns 124,818 shares of the investment management company’s stock valued at $857,000 after purchasing an additional 35,672 shares during the last quarter.

PIMCO California Municipal Income Fund III Stock Down 0.8 %

Shares of PIMCO California Municipal Income Fund III stock opened at $6.52 on Monday. The firm’s 50 day moving average price is $6.75 and its 200-day moving average price is $7.02. PIMCO California Municipal Income Fund III has a 52-week low of $6.51 and a 52-week high of $7.67.

PIMCO California Municipal Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 5.43%. The ex-dividend date is Thursday, March 13th.

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.