PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Cross Below 200 Day Moving Average – What’s Next?

PIMCO Corporate & Income Strategy Fund (NYSE:PCN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.85 and traded as low as $12.82. PIMCO Corporate & Income Strategy Fund shares last traded at $12.8250, with a volume of 364,155 shares changing hands.

PIMCO Corporate & Income Strategy Fund Stock Down 0.1%

The business has a 50 day simple moving average of $12.70 and a 200-day simple moving average of $12.85.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a dividend yield of 10.5%.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Several institutional investors and hedge funds have recently bought and sold shares of PCN. Mission Hills Financial Advisory LLC boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 12.4% in the 3rd quarter. Mission Hills Financial Advisory LLC now owns 1,179,322 shares of the investment management company’s stock valued at $15,779,000 after purchasing an additional 129,950 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 3.1% in the 2nd quarter. Guggenheim Capital LLC now owns 1,153,405 shares of the investment management company’s stock worth $14,637,000 after buying an additional 34,940 shares during the period. GHE LLC boosted its holdings in PIMCO Corporate & Income Strategy Fund by 2.9% in the third quarter. GHE LLC now owns 626,007 shares of the investment management company’s stock valued at $8,376,000 after acquiring an additional 17,708 shares during the last quarter. Invesco Ltd. grew its position in PIMCO Corporate & Income Strategy Fund by 4.0% during the third quarter. Invesco Ltd. now owns 467,968 shares of the investment management company’s stock valued at $6,261,000 after acquiring an additional 18,153 shares during the period. Finally, Noble Wealth Management PBC grew its position in PIMCO Corporate & Income Strategy Fund by 2.0% during the fourth quarter. Noble Wealth Management PBC now owns 371,459 shares of the investment management company’s stock valued at $4,740,000 after acquiring an additional 7,391 shares during the period.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.