Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 26,856 shares, a growth of 35.8% from the January 29th total of 19,769 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 65,182 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 65,182 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Pcm Fund Stock Down 0.2%

Shares of PCM traded down $0.01 during mid-day trading on Monday, hitting $6.09. 57,702 shares of the company’s stock were exchanged, compared to its average volume of 58,398. Pcm Fund has a 52 week low of $5.88 and a 52 week high of $6.76. The stock’s 50-day simple moving average is $6.07 and its 200-day simple moving average is $6.27.

Pcm Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be issued a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 12.7%.

Institutional Trading of Pcm Fund

Several large investors have recently modified their holdings of PCM. StoneX Group Inc. bought a new position in shares of Pcm Fund in the fourth quarter worth $68,000. Everett Harris & Co. CA acquired a new stake in Pcm Fund during the fourth quarter worth about $80,000. Integrity Advisory Solutions LLC bought a new position in Pcm Fund in the 4th quarter valued at about $83,000. Scotia Capital Inc. acquired a new position in shares of Pcm Fund in the 3rd quarter valued at approximately $92,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Pcm Fund by 65.2% during the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after acquiring an additional 13,667 shares during the period. 10.26% of the stock is owned by institutional investors and hedge funds.

About Pcm Fund

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.