PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 35.7% in July

PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet Rating) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 19,600 shares, a drop of 35.7% from the June 30th total of 30,500 shares. Based on an average trading volume of 123,800 shares, the short-interest ratio is currently 0.2 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

PCN stock opened at $13.70 on Friday. PIMCO Corporate & Income Strategy Fund has a one year low of $12.30 and a one year high of $19.47. The company has a fifty day moving average of $13.42 and a 200-day moving average of $14.71.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 1st. Stockholders of record on Monday, July 11th will be paid a $0.112 dividend. This represents a $1.34 annualized dividend and a dividend yield of 9.81%. The ex-dividend date is Friday, July 8th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds have recently made changes to their positions in the company. Cornerstone Advisory LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth $52,000. LPL Financial LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 3.0% in the fourth quarter. LPL Financial LLC now owns 253,436 shares of the investment management company’s stock valued at $4,336,000 after purchasing an additional 7,346 shares during the period. Cetera Investment Advisers lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 7.5% in the fourth quarter. Cetera Investment Advisers now owns 64,075 shares of the investment management company’s stock valued at $1,096,000 after purchasing an additional 4,464 shares during the period. KRS Capital Management LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at about $34,000. Finally, Nwam LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 4.6% in the fourth quarter. Nwam LLC now owns 56,675 shares of the investment management company’s stock valued at $970,000 after purchasing an additional 2,510 shares during the period.

PIMCO Corporate & Income Strategy Fund Company Profile

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PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.

Further Reading

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