Short Interest in Pcm Fund (NYSE:PCM) Increases By 25.8%

Pcm Fund (NYSE:PCM) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 28,800 shares, agrowthof25.8% from the July 15th total of 22,900 shares. Based on an average trading volume of 43,800 shares, the short-interest ratio is currently 0.7 days. Approximately0.2% of the shares of the stock are short sold. Approximately0.2% of the shares of the stock are short sold. Based on an average trading volume of 43,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Pcm Fund

A number of institutional investors have recently modified their holdings of PCM. Raymond James Financial Inc. acquired a new stake in shares of Pcm Fund during the 4th quarter valued at about $137,000. Two Sigma Securities LLC acquired a new stake in shares of Pcm Fund during the 4th quarter valued at about $152,000. Sovran Advisors LLC grew its position in shares of Pcm Fund by 47.1% during the 1st quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company’s stock valued at $514,000 after acquiring an additional 27,128 shares during the period. Arlington Capital Management Inc. acquired a new stake in shares of Pcm Fund during the 1st quarter valued at about $651,000. Finally, Ieq Capital LLC acquired a new stake in shares of Pcm Fund during the 1st quarter valued at about $591,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

Pcm Fund Stock Performance

NYSE:PCM opened at $6.2790 on Thursday. Pcm Fund has a 52 week low of $5.88 and a 52 week high of $8.39. The stock’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.36.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.0642 per share. The ex-dividend date is Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

About Pcm Fund

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.