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

Pcm Fund (NYSE:PCM) was the recipient of a large growth in short interest during the month of 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 65,182 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 65,182 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Pcm Fund

Several large investors have recently modified their holdings of the business. Rivernorth Capital Management LLC bought a new position in Pcm Fund during the 4th quarter valued at approximately $1,849,000. Guggenheim Capital LLC increased its stake in shares of Pcm Fund by 33.4% during the fourth quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after buying an additional 72,482 shares during the period. LPL Financial LLC increased its stake 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 valued at $1,894,000 after buying an additional 19,364 shares during the period. Scotia Capital Inc. bought a new position in shares of Pcm Fund during the third quarter valued at approximately $92,000. Finally, Kestra Advisory Services LLC lifted its stake in 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 acquiring an additional 13,667 shares during the period. 10.26% of the stock is owned by institutional investors.

Pcm Fund Stock Performance

Shares of NYSE PCM traded down $0.02 during trading hours on Wednesday, reaching $6.04. 37,644 shares of the stock traded hands, compared to its average volume of 57,306. The company’s 50-day simple moving average is $6.07 and its two-hundred day simple moving average is $6.26. Pcm Fund has a 52-week low of $5.88 and a 52-week high of $6.76.

Pcm Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th were given a $0.0642 dividend. The ex-dividend date was Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

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.