PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 54,300 shares, a decrease of 80.5% from the December 31st total of 278,700 shares. Based on an average daily volume of 206,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PCN. Wilmington Savings Fund Society FSB acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at approximately $28,000. HM Payson & Co. purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth $52,000. Farther Finance Advisors LLC grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 715.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,212 shares of the investment management company’s stock worth $88,000 after purchasing an additional 5,450 shares during the period. Creative Planning purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at about $143,000. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at about $144,000.

PIMCO Corporate & Income Strategy Fund Stock Up 0.2 %

PCN traded up $0.03 on Tuesday, hitting $13.49. 148,083 shares of the company traded hands, compared to its average volume of 215,428. PIMCO Corporate & Income Strategy Fund has a 12-month low of $12.32 and a 12-month high of $14.36. The company has a 50 day moving average of $13.68 and a 200-day moving average of $13.70.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be paid a $0.1125 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.35 annualized dividend and a yield of 10.01%.

PIMCO Corporate & Income Strategy Fund Company Profile

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.