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

PIMCO California Municipal Income Fund (NYSE:PCQ) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 124,555 shares, a growth of 69.6% from the June 30th total of 73,428 shares. Based on an average trading volume of 138,618 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCQ. Creative Planning purchased a new stake in shares of PIMCO California Municipal Income Fund during the 2nd quarter valued at $104,000. Baird Financial Group Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund in the 2nd quarter worth $87,000. Jane Street Group LLC purchased a new position in PIMCO California Municipal Income Fund during the 2nd quarter worth $112,000. Osaic Holdings Inc. grew its stake in PIMCO California Municipal Income Fund by 29.9% during the 2nd quarter. Osaic Holdings Inc. now owns 39,116 shares of the investment management company’s stock worth $336,000 after buying an additional 9,000 shares during the last quarter. Finally, UBS Group AG increased its position in PIMCO California Municipal Income Fund by 1,091.7% during the 3rd quarter. UBS Group AG now owns 183,355 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 167,969 shares in the last quarter.

PIMCO California Municipal Income Fund Trading Down 0.2%

Shares of NYSE:PCQ opened at $8.58 on Friday. PIMCO California Municipal Income Fund has a 12-month low of $8.16 and a 12-month high of $9.19. The business’s fifty day simple moving average is $8.82 and its 200-day simple moving average is $8.84.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

About PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund (NYSE: PCQ) is a closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within the State of California, with an emphasis on credit quality and income generation. Its strategy is designed to appeal to investors seeking tax-advantaged yields alongside professional portfolio management.

The fund generally allocates at least 80% of its total assets to municipal securities that are of investment grade or higher, covering a broad spectrum of sectors such as transportation, utilities, education, health care and local government obligations.