Pcm Fund (NYSE:PCM) Short Interest Down 37.8% in April

Pcm Fund (NYSE:PCM) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 21,551 shares, a drop of 37.8% from the April 15th total of 34,661 shares. Based on an average daily trading volume, of 35,153 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Pcm Fund Stock Performance

Pcm Fund stock traded up $0.01 during trading on Monday, reaching $5.65. 49,381 shares of the company were exchanged, compared to its average volume of 47,100. The stock’s 50 day simple moving average is $5.74 and its two-hundred day simple moving average is $5.99. Pcm Fund has a 52-week low of $5.52 and a 52-week high of $6.76.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.0642 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a yield of 13.6%.

Institutional Investors Weigh In On Pcm Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its stake in Pcm Fund by 59.3% during the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock worth $2,738,000 after acquiring an additional 178,434 shares during the last quarter. LPL Financial LLC increased its stake in Pcm Fund by 6.7% during the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Guggenheim Capital LLC increased its stake in Pcm Fund by 33.4% during the fourth quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock worth $1,779,000 after acquiring an additional 72,482 shares during the last quarter. Sovran Advisors LLC increased its stake in Pcm Fund by 3.9% during the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in Pcm Fund during the first quarter worth $328,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

About Pcm Fund

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.