Pcm Fund (NYSE:PCM) Short Interest Up 49.7% in July

Pcm Fund (NYSE:PCM) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 47,824 shares, an increase of 49.7% from the July 15th total of 31,936 shares. Based on an average daily volume of 32,870 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Pcm Fund

Several large investors have recently added to or reduced their stakes in PCM. Scotia Capital Inc. bought a new stake in shares of Pcm Fund in the 3rd quarter worth approximately $92,000. Integrity Advisory Solutions LLC bought a new stake in shares of Pcm Fund during the fourth quarter valued at approximately $83,000. LPL Financial LLC raised its stake in shares of Pcm Fund by 6.7% in the fourth 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 in the last quarter. Everett Harris & Co. CA acquired a new position in shares of Pcm Fund in the fourth quarter valued at $80,000. Finally, StoneX Group Inc. bought a new position in Pcm Fund in the fourth quarter worth $68,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Stock Up 1.0%

Shares of PCM traded up $0.06 during trading hours on Tuesday, reaching $5.54. 9,306 shares of the company traded hands, compared to its average volume of 48,544. The stock’s fifty day moving average is $5.64 and its 200 day moving average is $5.76. Pcm Fund has a 1-year low of $5.41 and a 1-year high of $6.76.

Pcm Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.0642 per share. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Thursday, August 13th.

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.