PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Sees Large Decrease in Short Interest

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 68,100 shares, adropof35.8% from the July 15th total of 106,000 shares. Based on an average trading volume of 245,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 245,500 shares, the short-interest ratio is currently 0.3 days.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN opened at $12.7750 on Thursday. The company’s 50 day simple moving average is $12.63 and its 200 day simple moving average is $12.94. PIMCO Corporate & Income Strategy Fund has a 1 year low of $11.30 and a 1 year high of $14.36.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently modified their holdings of the stock. Assetmark Inc. purchased a new position in PIMCO Corporate & Income Strategy Fund in the first quarter valued at approximately $34,000. Harbour Investments Inc. raised its holdings in PIMCO Corporate & Income Strategy Fund by 68.7% in the first quarter. Harbour Investments Inc. now owns 2,498 shares of the investment management company’s stock valued at $34,000 after buying an additional 1,017 shares during the period. Ameritas Advisory Services LLC purchased a new position in PIMCO Corporate & Income Strategy Fund in the second quarter valued at approximately $40,000. NBC Securities Inc. raised its holdings in PIMCO Corporate & Income Strategy Fund by 118,233.3% in the first quarter. NBC Securities Inc. now owns 7,100 shares of the investment management company’s stock valued at $96,000 after buying an additional 7,094 shares during the period. Finally, Ellis Investment Partners LLC purchased a new position in PIMCO Corporate & Income Strategy Fund in the first quarter valued at approximately $144,000.

PIMCO Corporate & Income Strategy Fund Company Profile

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.