Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 17,122 shares, a decrease of 36.2% from the February 12th total of 26,856 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 36,530 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 36,530 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Pcm Fund Price Performance

Shares of NYSE PCM traded down $0.10 on Friday, reaching $5.66. 89,170 shares of the company’s stock traded hands, compared to its average volume of 38,249. The business’s 50 day simple moving average is $6.04 and its two-hundred day simple moving average is $6.24. Pcm Fund has a 12 month low of $5.60 and a 12 month high of $6.76.

Pcm Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date of this dividend is Thursday, March 12th.

Institutional Investors Weigh In On Pcm Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC bought a new position in shares of Pcm Fund during the fourth quarter valued at $1,849,000. Guggenheim Capital LLC grew its position in Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after purchasing an additional 72,482 shares during the last quarter. LPL Financial LLC grew its position in Pcm Fund by 6.7% during the 4th quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock valued at $1,894,000 after purchasing an additional 19,364 shares during the last quarter. Scotia Capital Inc. bought a new stake in Pcm Fund during the 3rd quarter valued at about $92,000. Finally, Kestra Advisory Services LLC raised its holdings 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 buying an additional 13,667 shares during the last quarter. 10.26% of the stock is owned by institutional investors.

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.