PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 40.9% in February

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 73,700 shares, a drop of 40.9% from the February 13th total of 124,700 shares. Based on an average daily trading volume, of 218,100 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of PIMCO Corporate & Income Strategy Fund stock traded up $0.05 on Friday, hitting $13.41. 210,201 shares of the company traded hands, compared to its average volume of 216,696. The firm’s 50-day simple moving average is $13.59 and its 200 day simple moving average is $13.76. PIMCO Corporate & Income Strategy Fund has a 12-month low of $12.32 and a 12-month high of $14.36.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 10.07%. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter valued at $28,000. Keystone Financial Group bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at $134,000. Alpha Cubed Investments LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at $144,000. Elequin Capital LP bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at $159,000. Finally, Aristides Capital LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at $180,000.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.