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

PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet Free Report) 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

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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.

Further Reading

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