Short Interest in Pcm Fund (NYSE:PCM) Drops By 27.0%

Pcm Fund (NYSE:PCM) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 29,200 shares, a decline of 27.0% from the September 30th total of 40,000 shares. Based on an average trading volume of 60,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 60,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Pcm Fund

A number of institutional investors and hedge funds have recently made changes to their positions in PCM. Sovran Advisors LLC lifted its stake in Pcm Fund by 3.9% during the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after purchasing an additional 3,354 shares in the last quarter. Ieq Capital LLC acquired a new position in Pcm Fund during the first quarter worth $591,000. Arlington Capital Management Inc. acquired a new position in Pcm Fund during the first quarter worth $651,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Pcm Fund during the 1st quarter valued at about $1,565,000. 10.26% of the stock is owned by hedge funds and other institutional investors.

Pcm Fund Stock Performance

NYSE:PCM traded up $0.02 on Tuesday, hitting $6.32. The stock had a trading volume of 14,488 shares, compared to its average volume of 60,338. The company has a fifty day moving average price of $6.51 and a two-hundred day moving average price of $6.37. Pcm Fund has a 1-year low of $5.88 and a 1-year high of $8.39.

Pcm Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Friday, November 14th.

Pcm Fund Company Profile

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.