PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Sees Significant Increase in Short Interest

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 237,576 shares, a growth of 28.4% from the November 30th total of 184,968 shares. Based on an average daily trading volume, of 353,220 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 353,220 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smith Asset Management Co. LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the first quarter valued at approximately $2,156,000. Mission Hills Financial Advisory LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 12.4% in the 3rd quarter. Mission Hills Financial Advisory LLC now owns 1,179,322 shares of the investment management company’s stock valued at $15,779,000 after purchasing an additional 129,950 shares during the period. Consolidated Portfolio Review Corp grew its stake in PIMCO Corporate & Income Strategy Fund by 98.4% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 246,428 shares of the investment management company’s stock valued at $3,127,000 after purchasing an additional 122,248 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at $1,463,000. Finally, AG Asset Advisory LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter valued at $1,222,000.

PIMCO Corporate & Income Strategy Fund Stock Down 0.5%

PCN opened at $12.76 on Friday. PIMCO Corporate & Income Strategy Fund has a 1 year low of $11.30 and a 1 year high of $13.84. The firm’s fifty day moving average price is $12.72 and its two-hundred day moving average price is $12.84.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a dividend of $0.1125 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a yield of 10.6%.

PIMCO Corporate & Income Strategy Fund Company Profile

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.