PIMCO California Municipal Income Fund III (NYSE:PZC – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,800 shares, an increase of 875.0% from the August 15th total of 800 shares. Based on an average daily trading volume, of 57,500 shares, the short-interest ratio is currently 0.1 days.
PIMCO California Municipal Income Fund III Trading Up 0.5 %
Shares of PZC traded up $0.04 during midday trading on Friday, hitting $7.49. 54,257 shares of the company traded hands, compared to its average volume of 50,540. The stock has a 50-day moving average of $7.30 and a 200-day moving average of $7.29. PIMCO California Municipal Income Fund III has a one year low of $6.30 and a one year high of $7.90.
PIMCO California Municipal Income Fund III Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Friday, September 13th.
Institutional Investors Weigh In On 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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