PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 40.9% in February

PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 73,700 shares, a decrease of 40.9% from the February 13th total of 124,700 shares. Based on an average daily volume of 218,100 shares, the short-interest ratio is presently 0.3 days.

PIMCO Corporate & Income Strategy Fund Trading Up 0.4 %

PCN stock traded up $0.05 during trading on Friday, reaching $13.41. The stock had a trading volume of 210,201 shares, compared to its average volume of 216,696. PIMCO Corporate & Income Strategy Fund has a one year low of $12.32 and a one year high of $14.36. The company’s 50 day moving average is $13.59 and its two-hundred day moving average is $13.76.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 10.07%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth approximately $28,000. Keystone Financial Group purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $134,000. Alpha Cubed Investments LLC purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $144,000. Elequin Capital LP purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $159,000. Finally, Aristides Capital LLC purchased a new stake in PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $180,000.

PIMCO Corporate & Income Strategy Fund Company Profile

(Get Free Report)

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.

Further Reading

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