Pcm Fund (NYSE:PCM) Short Interest Down 37.8% in April

Pcm Fund (NYSE:PCM) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 21,551 shares, a decline of 37.8% from the April 15th total of 34,661 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 35,153 shares, the short-interest ratio is currently 0.6 days.

Pcm Fund Stock Down 0.9%

Shares of PCM traded down $0.05 during mid-day trading on Friday, hitting $5.64. The company’s stock had a trading volume of 74,129 shares, compared to its average volume of 45,178. Pcm Fund has a one year low of $5.52 and a one year high of $6.76. The stock’s 50-day moving average is $5.75 and its two-hundred day moving average is $6.00.

Pcm Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be paid a dividend of $0.0642 per share. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Monday, May 11th.

Institutional Trading of Pcm Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. StoneX Group Inc. bought a new position in shares of Pcm Fund during the 4th quarter worth about $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 acquired a new stake in Pcm Fund during the fourth quarter worth about $83,000. Scotia Capital Inc. bought a new position in Pcm Fund during the third quarter valued at about $92,000. Finally, Kestra Advisory Services LLC raised its holdings in Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 13,667 shares in the last quarter. 10.26% of the stock is currently 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.