PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Up 89.2% in August

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 295,766 shares, a growth of 89.2% from the July 30th total of 156,299 shares. Based on an average trading volume of 372,934 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at approximately $26,000. Parallel Advisors LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $27,000. BOK Financial Private Wealth Inc. purchased a new position in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth approximately $41,000. Wilmington Savings Fund Society FSB increased its holdings in PIMCO Corporate & Income Strategy Fund by 91.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,192 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund in the 2nd quarter valued at approximately $63,000.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN opened at $11.74 on Tuesday. PIMCO Corporate & Income Strategy Fund has a 1-year low of $11.40 and a 1-year high of $13.49. The company’s 50 day simple moving average is $11.76 and its two-hundred day simple moving average is $11.94.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.1125 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.