PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 35.5% in April

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 93,032 shares, a decrease 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 presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PCN. Rivernorth Capital Management LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter worth approximately $3,875,000. Wells Fargo & Company MN lifted its position in PIMCO Corporate & Income Strategy Fund by 69.6% during the fourth quarter. Wells Fargo & Company MN now owns 381,317 shares of the investment management company’s stock valued at $4,866,000 after purchasing an additional 156,439 shares during the period. Mission Hills Financial Advisory LLC lifted its position in PIMCO Corporate & Income Strategy Fund by 12.4% during the third quarter. Mission Hills Financial Advisory LLC now owns 1,179,322 shares of the investment management company’s stock valued at $15,779,000 after purchasing an additional 129,950 shares during the period. Astoria Portfolio Advisors LLC. bought a new position in PIMCO Corporate & Income Strategy Fund during the first quarter valued at approximately $1,524,000. Finally, GHE LLC lifted its position in PIMCO Corporate & Income Strategy Fund by 19.5% during the first quarter. GHE LLC now owns 748,086 shares of the investment management company’s stock valued at $8,902,000 after purchasing an additional 122,079 shares during the period.

PIMCO Corporate & Income Strategy Fund Trading Down 0.5%

Shares of NYSE PCN traded down $0.06 during midday trading on Tuesday, hitting $11.57. The stock had a trading volume of 269,961 shares, compared to its average volume of 369,112. The business’s 50 day moving average is $11.96 and its 200-day moving average is $12.46. PIMCO Corporate & Income Strategy Fund has a 52 week low of $11.40 and a 52 week 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. Stockholders of record on Monday, May 11th will be paid a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Monday, May 11th.

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.