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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 73,700 shares, a drop of 40.9% from the February 13th total of 124,700 shares. Based on an average trading volume of 218,100 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN stock opened at $13.45 on Monday. PIMCO Corporate & Income Strategy Fund has a 12 month low of $12.32 and a 12 month high of $14.36. The company’s 50-day moving average price is $13.59 and its two-hundred day moving average price is $13.76.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in PIMCO Corporate & Income Strategy Fund in the 3rd quarter valued at about $28,000. Keystone Financial Group acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at approximately $134,000. Alpha Cubed Investments LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at approximately $144,000. Elequin Capital LP acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at approximately $159,000. Finally, Aristides Capital LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at approximately $180,000.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.