PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Sees Large Decrease in Short Interest

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 68,100 shares, adeclineof35.8% from the July 15th total of 106,000 shares. Based on an average daily trading volume, of 245,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 245,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. increased its stake 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 worth $34,000 after buying an additional 1,017 shares during the last quarter. Assetmark Inc. acquired a new position in PIMCO Corporate & Income Strategy Fund in the first quarter worth $34,000. Ameritas Advisory Services LLC acquired a new position in PIMCO Corporate & Income Strategy Fund in the second quarter worth $40,000. NBC Securities Inc. boosted its holdings in 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 worth $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 worth $144,000.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of NYSE:PCN opened at $12.7750 on Thursday. The company has a fifty day simple moving average of $12.63 and a 200 day simple moving average of $12.94. 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a $0.1125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Monday, August 11th.

About PIMCO Corporate & Income Strategy Fund

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.