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

Pcm Fund (NYSE:PCM) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 47,824 shares, a growth of 49.7% from the July 15th total of 31,936 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,870 shares, the short-interest ratio is presently 1.5 days.

Pcm Fund Trading Up 0.4%

PCM stock traded up $0.02 during trading on Wednesday, reaching $5.48. The company’s stock had a trading volume of 25,840 shares, compared to its average volume of 49,203. The company’s fifty day moving average is $5.63 and its 200-day moving average is $5.76. Pcm Fund has a 1 year low of $5.29 and a 1 year high of $6.76.

Pcm Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%.

Institutional Trading of Pcm Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCM. StoneX Group Inc. bought a new position in Pcm Fund in the 4th quarter worth approximately $68,000. Everett Harris & Co. CA bought a new stake in shares of Pcm Fund during the fourth quarter valued at approximately $80,000. Integrity Advisory Solutions LLC bought a new stake in shares of Pcm Fund during the fourth quarter valued at approximately $83,000. Scotia Capital Inc. purchased a new position in shares of Pcm Fund in the third quarter worth $92,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Pcm Fund by 65.2% in the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after buying an additional 13,667 shares in the last quarter. Institutional investors own 10.26% of the company’s stock.

Pcm Fund Company Profile

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.