Pcm Fund (NYSE:PCM) Sees Large Increase in Short Interest

Pcm Fund (NYSE:PCM) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 26,856 shares, a growth of 35.8% from the January 29th total of 19,769 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 65,182 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 65,182 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Pcm Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCM. LPL Financial LLC raised its position in shares of Pcm Fund by 6.7% during the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in shares of Pcm Fund in the 4th quarter valued at about $1,849,000. Guggenheim Capital LLC grew its position in shares of Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock worth $1,779,000 after buying an additional 72,482 shares during the period. Sovran Advisors LLC boosted its stake in Pcm Fund by 3.9% in the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of Pcm Fund by 65.2% during the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 13,667 shares during the last quarter. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Trading Down 0.2%

PCM traded down $0.01 during trading on Wednesday, hitting $6.05. The company’s stock had a trading volume of 34,686 shares, compared to its average volume of 57,222. The firm’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $6.26. Pcm Fund has a 12 month low of $5.88 and a 12 month high of $6.76.

Pcm Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 12th were issued 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 was Thursday, February 12th.

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.