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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) 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

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.