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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 295,766 shares, a growth of 89.2% from the July 30th total of 156,299 shares. Based on an average trading volume of 372,934 shares, the days-to-cover ratio is currently 0.8 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

PIMCO Corporate & Income Strategy Fund stock remained flat at $11.78 during mid-day trading on Friday. The company’s stock had a trading volume of 189,321 shares, compared to its average volume of 347,473. PIMCO Corporate & Income Strategy Fund has a 1-year low of $11.40 and a 1-year high of $13.49. The firm’s 50-day moving average is $11.76 and its two-hundred day moving average is $11.95.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in PIMCO Corporate & Income Strategy Fund in the second quarter valued at $63,000. Advisory Solutions Group LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth about $425,000. Highland Investment Advisors LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth about $92,000. Rivernorth Capital Management LLC grew its position in shares of PIMCO Corporate & Income Strategy Fund by 20.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 428,965 shares of the investment management company’s stock valued at $5,126,000 after acquiring an additional 73,709 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of PIMCO Corporate & Income Strategy Fund by 165.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,672 shares of the investment management company’s stock valued at $307,000 after acquiring an additional 16,000 shares during the period.

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.