PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 117,423 shares, a decrease of 40.0% from the June 15th total of 195,597 shares. Based on an average daily volume of 279,129 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

PIMCO Corporate & Income Strategy Fund stock traded down $0.01 during mid-day trading on Friday, reaching $11.76. The company had a trading volume of 332,187 shares, compared to its average volume of 353,381. The business has a fifty day simple moving average of $11.77 and a 200 day simple moving average of $12.17. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $11.40 and a fifty-two week high of $13.49.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a $0.1125 dividend. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PCN. Rivernorth Capital Management LLC bought a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at $3,875,000. Wells Fargo & Company MN increased its stake in PIMCO Corporate & Income Strategy Fund by 69.6% in the fourth quarter. Wells Fargo & Company MN now owns 381,317 shares of the investment management company’s stock valued at $4,866,000 after purchasing an additional 156,439 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in shares of PIMCO Corporate & Income Strategy Fund during the first quarter valued at about $1,524,000. GHE LLC raised its holdings in shares of PIMCO Corporate & Income Strategy Fund by 19.5% during the first quarter. GHE LLC now owns 748,086 shares of the investment management company’s stock valued at $8,902,000 after purchasing an additional 122,079 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter worth about $1,492,000.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.