PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 40.0% in June

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 117,423 shares, a decline of 40.0% from the June 15th total of 195,597 shares. Based on an average trading volume of 279,129 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $26,000. Parallel Advisors LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the third quarter worth $27,000. Wilmington Savings Fund Society FSB raised its position in shares of PIMCO Corporate & Income Strategy Fund by 91.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,192 shares of the investment management company’s stock worth $53,000 after purchasing an additional 2,000 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in PIMCO Corporate & Income Strategy Fund in the 4th quarter worth about $56,000. Finally, Sunbelt Securities Inc. purchased a new stake in PIMCO Corporate & Income Strategy Fund during the 1st quarter valued at about $69,000.

PIMCO Corporate & Income Strategy Fund Trading Up 0.6%

Shares of PCN traded up $0.07 on Thursday, reaching $11.77. The stock had a trading volume of 139,161 shares, compared to its average volume of 351,725. PIMCO Corporate & Income Strategy Fund has a 12-month low of $11.40 and a 12-month high of $13.49. The company has a 50-day simple moving average of $11.78 and a 200-day simple moving average of $12.18.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be given a $0.1125 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

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.