PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 93,032 shares, a drop of 35.5% from the April 15th total of 144,271 shares. Based on an average daily volume of 269,564 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Corporate & Income Strategy Fund Trading Down 0.5%

Shares of PIMCO Corporate & Income Strategy Fund stock opened at $11.57 on Wednesday. The company has a 50-day simple moving average of $11.95 and a 200 day simple moving average of $12.45. PIMCO Corporate & Income Strategy Fund has a 12-month low of $11.40 and a 12-month high of $13.49.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.1125 per share. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of PIMCO Corporate & Income Strategy Fund by 3.1% during the 1st quarter. Sanctuary Advisors LLC now owns 28,363 shares of the investment management company’s stock worth $338,000 after purchasing an additional 853 shares in the last quarter. Comerica Bank increased its position in PIMCO Corporate & Income Strategy Fund by 14.5% in the 3rd quarter. Comerica Bank now owns 7,710 shares of the investment management company’s stock valued at $103,000 after acquiring an additional 979 shares in the last quarter. Westbourne Investment Advisors Inc. increased its position in PIMCO Corporate & Income Strategy Fund by 2.0% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 51,500 shares of the investment management company’s stock valued at $657,000 after acquiring an additional 1,000 shares in the last quarter. Janney Montgomery Scott LLC increased its position in PIMCO Corporate & Income Strategy Fund by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,613 shares of the investment management company’s stock valued at $748,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Vision Retirement LLC increased its position in PIMCO Corporate & Income Strategy Fund by 1.2% in the 1st quarter. Vision Retirement LLC now owns 98,616 shares of the investment management company’s stock valued at $1,174,000 after acquiring an additional 1,166 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

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.