Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 19,769 shares, an increase of 68.4% from the January 15th total of 11,736 shares. Based on an average daily volume of 68,843 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 68,843 shares, the short-interest ratio is presently 0.3 days.

Pcm Fund Stock Down 0.2%

NYSE PCM opened at $6.07 on Friday. Pcm Fund has a 1-year low of $5.88 and a 1-year high of $6.77. The company has a 50 day moving average of $6.09 and a 200-day moving average of $6.29.

Pcm Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a $0.0642 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

Institutional Investors Weigh In On Pcm Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its position in Pcm Fund by 65.2% during the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 13,667 shares during the period. StoneX Group Inc. bought a new stake in shares of Pcm Fund during the fourth quarter worth approximately $68,000. Everett Harris & Co. CA acquired a new position in Pcm Fund in the fourth quarter valued at approximately $80,000. LPL Financial LLC boosted its stake in Pcm Fund by 6.7% in the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock valued at $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Finally, Integrity Advisory Solutions LLC acquired a new stake in Pcm Fund during the 4th quarter worth $83,000. Institutional investors own 10.26% of the company’s stock.

Pcm Fund Company Profile

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.