Pcm Fund (NYSE:PCM) Short Interest Down 49.5% in December

Pcm Fund (NYSE:PCM) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 12,958 shares, a drop of 49.5% from the December 15th total of 25,654 shares. Based on an average trading volume of 75,313 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 75,313 shares, the short-interest ratio is currently 0.2 days.

Pcm Fund Stock Performance

Shares of NYSE PCM traded up $0.02 during trading on Thursday, hitting $6.14. The stock had a trading volume of 44,658 shares, compared to its average volume of 64,426. The firm has a fifty day moving average of $6.15 and a two-hundred day moving average of $6.33. Pcm Fund has a 12 month low of $5.88 and a 12 month high of $6.84.

Pcm Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a dividend of $0.0642 per share. The ex-dividend date is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 12.6%.

Institutional Trading of Pcm Fund

A hedge fund recently raised its stake in Pcm Fund stock. Sovran Advisors LLC raised its position in shares of Pcm Fund (NYSE:PCM) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,609 shares of the investment management company’s stock after purchasing an additional 3,354 shares during the period. Sovran Advisors LLC owned 0.73% of Pcm Fund worth $553,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 10.26% of the company’s stock.

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.