PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Up 80.0% in July

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 156,299 shares, an increase of 80.0% from the July 15th total of 86,814 shares. Based on an average trading volume of 287,640 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

A number of large investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at about $3,875,000. Bank of America Corp DE acquired a new position in shares of PIMCO Corporate & Income Strategy Fund during the second quarter worth about $3,334,000. Wells Fargo & Company MN boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 69.6% during the fourth quarter. Wells Fargo & Company MN now owns 381,317 shares of the investment management company’s stock worth $4,866,000 after buying an additional 156,439 shares during the period. Astoria Portfolio Advisors LLC. bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the first quarter worth about $1,524,000. Finally, GHE LLC grew its holdings in shares of PIMCO Corporate & Income Strategy Fund by 19.5% during the first quarter. GHE LLC now owns 748,086 shares of the investment management company’s stock worth $8,902,000 after buying an additional 122,079 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Stock Down 0.3%

NYSE:PCN traded down $0.04 on Monday, reaching $11.73. The company’s stock had a trading volume of 309,574 shares, compared to its average volume of 349,324. PIMCO Corporate & Income Strategy Fund has a 1-year low of $11.40 and a 1-year high of $13.49. The business’s 50-day moving average price is $11.76 and its two-hundred day moving average price is $12.02.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.1125 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend 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.