PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Up 80.0% in July

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 156,299 shares, an increase of 80.0% from the July 15th total of 86,814 shares. Based on an average trading volume of 287,640 shares, the days-to-cover ratio is presently 0.5 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of PIMCO Corporate & Income Strategy Fund stock traded down $0.04 during midday trading on Friday, hitting $11.78. The company had a trading volume of 310,505 shares, compared to its average volume of 349,579. The company has a fifty day simple moving average of $11.76 and a 200 day simple moving average of $12.03. 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 business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.1125 per share. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of PIMCO Corporate & Income Strategy Fund by 9.6% during the second quarter. Invesco Ltd. now owns 449,815 shares of the investment management company’s stock valued at $5,708,000 after buying an additional 39,540 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in PIMCO Corporate & Income Strategy Fund by 72.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 29,578 shares of the investment management company’s stock worth $375,000 after acquiring an additional 12,378 shares during the period. Jane Street Group LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth about $551,000. Bank of America Corp DE grew its stake in PIMCO Corporate & Income Strategy Fund by 5.0% during the 2nd quarter. Bank of America Corp DE now owns 244,615 shares of the investment management company’s stock valued at $3,104,000 after purchasing an additional 11,660 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at about $1,463,000.

About PIMCO Corporate & Income Strategy Fund

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.