Short Interest in Pcm Fund (NYSE:PCM) Rises By 73.4%

Pcm Fund (NYSE:PCM) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 29,690 shares, an increase of 73.4% from the February 26th total of 17,122 shares. Based on an average daily volume of 50,889 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Pcm Fund Stock Performance

PCM traded down $0.04 during trading on Friday, reaching $5.55. The stock had a trading volume of 77,895 shares, compared to its average volume of 49,382. Pcm Fund has a 1-year low of $5.52 and a 1-year high of $6.76. The stock has a 50 day moving average of $5.95 and a two-hundred day moving average of $6.19.

Pcm Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.0642 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC grew its holdings 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 period. Rivernorth Capital Management LLC acquired a new stake in Pcm Fund in the 4th quarter valued at about $1,849,000. Guggenheim Capital LLC boosted its position in shares of Pcm Fund by 33.4% during 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 in the last quarter. Sovran Advisors LLC grew its stake in shares of Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after purchasing an additional 3,354 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after purchasing an additional 13,667 shares during the last quarter. Institutional investors own 10.26% of the company’s stock.

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.