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

PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet 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

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

(Get Free Report)

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

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.