PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Free Report) 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
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.
Featured Stories
- Five stocks we like better than PIMCO Corporate & Income Strategy Fund
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Disney Stock: 4 Key Metrics Validating Its Comeback
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Resilient Investing: 3 Stocks Built to Weather Market Volatility
- How to Short Nasdaq: An Easy-to-Follow Guide
- Gold Breaks $3,000: What’s Driving the Rally and How to Invest?
Receive News & Ratings for PIMCO Corporate & Income Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Corporate & Income Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.