Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 26,856 shares, an increase of 35.8% from the January 29th total of 19,769 shares. Based on an average daily volume of 65,182 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 65,182 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of Pcm Fund by 6.7% in 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. Rivernorth Capital Management LLC acquired a new position in Pcm Fund during the 4th quarter worth approximately $1,849,000. Guggenheim Capital LLC lifted its stake in Pcm Fund by 33.4% in the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after purchasing an additional 72,482 shares during the last quarter. Sovran Advisors LLC boosted its position in Pcm Fund by 3.9% in the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after buying an additional 3,354 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Pcm Fund by 65.2% in the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after buying an additional 13,667 shares in the last quarter. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Trading Down 0.2%

Shares of PCM stock traded down $0.01 during trading hours on Monday, reaching $6.09. The company’s stock had a trading volume of 57,702 shares, compared to its average volume of 58,398. The firm’s 50 day simple moving average is $6.07 and its 200-day simple moving average is $6.27. Pcm Fund has a fifty-two week low of $5.88 and a fifty-two week high of $6.76.

Pcm Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 12.7%.

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.