PCM Fund Inc. (NYSE:PCM) Short Interest Update

PCM Fund Inc. (NYSE:PCM) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 8,700 shares, a decline of 13.0% from the January 31st total of 10,000 shares. Based on an average trading volume of 67,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of PCM Fund

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in PCM Fund during the 4th quarter valued at about $137,000. Two Sigma Securities LLC bought a new position in PCM Fund during the 4th quarter valued at about $152,000. Horizon Kinetics Asset Management LLC lifted its holdings in PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 15,720 shares during the last quarter. Sovran Advisors LLC bought a new position in PCM Fund during the 4th quarter valued at about $443,000. Finally, Financial Advocates Investment Management lifted its holdings in PCM Fund by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock valued at $1,662,000 after purchasing an additional 20,950 shares during the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

PCM Fund Price Performance

Shares of PCM Fund stock traded down $0.04 during trading on Thursday, hitting $6.63. 38,776 shares of the company’s stock traded hands, compared to its average volume of 53,709. The firm’s fifty day moving average price is $6.79 and its 200 day moving average price is $7.55. PCM Fund has a twelve month low of $6.50 and a twelve month high of $9.15.

PCM Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0642 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.77 annualized dividend and a dividend yield of 11.64%.

PCM Fund Company Profile

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.