Pcm Fund (NYSE:PCM) Sees Significant Growth in Short Interest

Pcm Fund (NYSE:PCM) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,769 shares, a growth of 68.4% from the January 15th total of 11,736 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 68,843 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 68,843 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Pcm Fund

Several institutional investors have recently modified their holdings of the business. StoneX Group Inc. acquired a new position in shares of Pcm Fund in the 4th quarter valued at approximately $68,000. Everett Harris & Co. CA acquired a new position in shares of Pcm Fund in the fourth quarter valued at approximately $80,000. Integrity Advisory Solutions LLC bought a new stake in shares of Pcm Fund during the fourth quarter worth $83,000. Scotia Capital Inc. bought a new stake in shares of Pcm Fund during the third quarter worth $92,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Pcm Fund by 65.2% during the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after acquiring an additional 13,667 shares during the period. Institutional investors own 10.26% of the company’s stock.

Pcm Fund Trading Down 0.2%

NYSE:PCM traded down $0.01 during mid-day trading on Friday, hitting $6.07. The company had a trading volume of 16,508 shares, compared to its average volume of 66,187. Pcm Fund has a fifty-two week low of $5.88 and a fifty-two week high of $6.77. The business’s fifty day moving average is $6.09 and its two-hundred day moving average is $6.29.

Pcm Fund Announces Dividend

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 $0.0642 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Pcm Fund Company Profile

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.