PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Shorted: Short Interest Down 78.6% in September

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 62,488 shares, a decrease of 78.6% from the September 15th total of 291,976 shares. Based on an average trading volume of 612,670 shares, the short-interest ratio is presently 0.1 days.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN traded down $0.14 during trading on Tuesday, hitting $10.68. The stock had a trading volume of 87,985 shares, compared to its average volume of 378,395. PIMCO Corporate & Income Strategy Fund has a twelve month low of $10.44 and a twelve month high of $13.36. The stock has a 50 day simple moving average of $11.37 and a two-hundred day simple moving average of $11.66.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Tuesday, October 13th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

A number of institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth about $41,000. Ameritas Advisory Services LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth about $63,000. Sunbelt Securities Inc. purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the first quarter worth about $69,000. Finally, Highland Investment Advisors LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth about $92,000.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PCN. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global investment management firm, and is designed to provide shareholders with a high level of current income while also pursuing long-term capital appreciation.

The fund invests primarily in corporate debt securities and other income-producing investments. Its portfolio may include investment-grade and below-investment-grade corporate bonds, convertible securities, preferred securities, mortgage-related and other asset-backed securities, and obligations issued by governments and financial institutions.