PCM Fund Inc. (NYSE:PCM) Short Interest Update

PCM Fund Inc. (NYSE:PCM) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 8,700 shares, a decrease of 13.0% from the January 31st total of 10,000 shares. Based on an average daily volume of 67,500 shares, the short-interest ratio is currently 0.1 days.

PCM Fund Stock Performance

NYSE:PCM traded down $0.04 on Thursday, reaching $6.63. The stock had a trading volume of 38,776 shares, compared to its average volume of 53,709. The company has a 50-day moving average of $6.79 and a 200 day moving average of $7.55. PCM Fund has a 12-month low of $6.50 and a 12-month high of $9.15.

PCM Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.64%.

Institutional Investors Weigh In On PCM Fund

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of PCM Fund in the fourth quarter valued at approximately $137,000. Two Sigma Securities LLC purchased a new stake in PCM Fund in the 4th quarter worth approximately $152,000. Horizon Kinetics Asset Management LLC raised its holdings in shares of PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 15,720 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of PCM Fund during the 4th quarter valued at $443,000. Finally, Financial Advocates Investment Management raised its holdings in shares of PCM Fund by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock valued at $1,662,000 after purchasing an additional 20,950 shares in the last quarter. Institutional investors and hedge funds own 10.26% of the company’s stock.

PCM Fund Company Profile

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.