PIMCO California Municipal Income Fund III (NYSE:PZC – Get Rating) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,300 shares, a decline of 69.5% from the March 15th total of 23,900 shares. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 0.1 days.
PZC remained flat at $$8.65 on Wednesday. The company’s stock had a trading volume of 118,234 shares, compared to its average volume of 50,620. The firm’s fifty day moving average price is $9.32 and its 200-day moving average price is $10.28. PIMCO California Municipal Income Fund III has a fifty-two week low of $8.57 and a fifty-two week high of $11.77.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Monday, April 11th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Friday, April 8th. This represents a $0.46 dividend on an annualized basis and a yield of 5.27%.
About PIMCO California Municipal Income Fund III (Get Rating)
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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