Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 12,958 shares, a drop of 49.5% from the December 15th total of 25,654 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 75,313 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 75,313 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Pcm Fund stock. Scotia Capital Inc. purchased a new position in shares of Pcm Fund (NYSE:PCM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned about 0.11% of Pcm Fund as of its most recent SEC filing. 10.26% of the stock is owned by hedge funds and other institutional investors.

Pcm Fund Trading Down 1.2%

NYSE PCM traded down $0.08 during trading on Friday, hitting $6.06. The stock had a trading volume of 64,721 shares, compared to its average volume of 63,391. The company’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.33. Pcm Fund has a 12 month low of $5.88 and a 12 month high of $6.84.

Pcm Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be given a $0.0642 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, January 13th.

About Pcm Fund

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.