Short Interest in Pcm Fund (NYSE:PCM) Drops By 37.8%

Pcm Fund (NYSE:PCM) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 21,551 shares, a drop of 37.8% from the April 15th total of 34,661 shares. Based on an average daily volume of 35,153 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sovran Advisors LLC lifted its position in Pcm Fund by 3.9% during the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after acquiring an additional 3,354 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Pcm Fund in the fourth quarter worth about $68,000. Everett Harris & Co. CA bought a new position in shares of Pcm Fund in the fourth quarter worth about $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Pcm Fund during the 4th quarter worth about $83,000. Finally, Kestra Advisory Services LLC lifted 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 worth $213,000 after purchasing an additional 13,667 shares during the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

Pcm Fund Stock Down 0.9%

Shares of Pcm Fund stock traded down $0.05 during trading on Friday, hitting $5.64. 74,129 shares of the stock traded hands, compared to its average volume of 45,178. The company has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $6.00. Pcm Fund has a twelve month low of $5.52 and a twelve month high of $6.76.

Pcm Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a $0.0642 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%.

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.