PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 58,900 shares, a drop of 49.8% from the August 31st total of 117,400 shares. Based on an average trading volume of 285,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 285,300 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. purchased a new position in PIMCO Corporate & Income Strategy Fund in the 1st quarter valued at approximately $34,000. Harbour Investments Inc. grew its position in shares of 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 purchasing an additional 1,017 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the second quarter valued at $40,000. NBC Securities Inc. grew its position in shares of 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 purchasing an additional 7,094 shares during the period. Finally, Ellis Investment Partners LLC acquired a new position in PIMCO Corporate & Income Strategy Fund in the first quarter valued at $144,000.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN opened at $13.40 on Monday. The business has a 50 day simple moving average of $13.01 and a 200-day simple moving average of $12.83. PIMCO Corporate & Income Strategy Fund has a 12 month low of $11.30 and a 12 month high of $14.36.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be issued a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Tuesday, October 14th.

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.