Short Interest in PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Increases By 35.9%

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 455,955 shares, a growth of 35.9% from the December 31st total of 335,540 shares. Based on an average daily volume of 375,667 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 375,667 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new position in PIMCO Corporate & Income Strategy Fund during the third quarter valued at about $27,000. Aspect Partners LLC bought a new position in PIMCO Corporate & Income Strategy Fund during the third quarter worth about $39,000. Fifth Third Bancorp bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the third quarter valued at $40,000. Ameritas Advisory Services LLC acquired a new position in PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth about $40,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the third quarter valued at approximately $58,000.

PIMCO Corporate & Income Strategy Fund Stock Up 0.0%

NYSE:PCN opened at $12.84 on Tuesday. The stock has a fifty day simple moving average of $12.71 and a 200-day simple moving average of $12.87. PIMCO Corporate & Income Strategy Fund has a 52-week low of $11.30 and a 52-week high of $13.84.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.1125 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a yield of 10.5%.

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.