PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Up 1,458.8% in July

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 106,000 shares, anincreaseof1,458.8% from the June 30th total of 6,800 shares. Based on an average daily trading volume, of 261,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 261,400 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 21.7% during the 4th quarter. Guggenheim Capital LLC now owns 1,034,081 shares of the investment management company’s stock valued at $13,877,000 after purchasing an additional 184,599 shares during the period. Smith Asset Management Co. LLC purchased a new position in PIMCO Corporate & Income Strategy Fund during the first quarter valued at $2,156,000. Consolidated Portfolio Review Corp grew its stake in PIMCO Corporate & Income Strategy Fund by 98.4% during the second quarter. Consolidated Portfolio Review Corp now owns 246,428 shares of the investment management company’s stock valued at $3,127,000 after acquiring an additional 122,248 shares in the last quarter. GHE LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 22.8% during the fourth quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock valued at $7,516,000 after acquiring an additional 104,001 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 10.2% during the first quarter. Mission Hills Financial Advisory LLC now owns 961,049 shares of the investment management company’s stock valued at $13,118,000 after acquiring an additional 89,264 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of PIMCO Corporate & Income Strategy Fund stock opened at $12.65 on Monday. The company’s 50 day moving average is $12.64 and its 200 day moving average is $13.01. PIMCO Corporate & Income Strategy Fund has a twelve month low of $11.30 and a twelve month high of $14.36.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 11th were given a $0.1125 dividend. The ex-dividend date was Friday, July 11th. This represents a c) annualized dividend and a yield of 10.7%.

About PIMCO Corporate & Income Strategy Fund

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.