Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 77,689 shares, an increase of 62.4% from the July 30th total of 47,824 shares. Based on an average daily volume of 54,846 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Pcm Fund

Large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its stake in shares of Pcm Fund by 6.8% in the second quarter. Rivernorth Capital Management LLC now owns 512,236 shares of the investment management company’s stock worth $2,858,000 after acquiring an additional 32,732 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Pcm Fund during the second quarter valued at $322,000. Concord Investment Counsel Inc. purchased a new stake in Pcm Fund in the second quarter valued at $358,000. Arlington Capital Management Inc. purchased a new stake in Pcm Fund in the first quarter valued at $328,000. Finally, Guggenheim Capital LLC grew its position in Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock worth $1,779,000 after purchasing an additional 72,482 shares during the period. 10.26% of the stock is owned by hedge funds and other institutional investors.

Pcm Fund Trading Down 0.9%

Shares of Pcm Fund stock traded down $0.05 on Monday, reaching $5.35. 164,454 shares of the stock were exchanged, compared to its average volume of 49,511. Pcm Fund has a twelve month low of $5.29 and a twelve month high of $6.76. The business has a 50 day moving average price of $5.61 and a two-hundred day moving average price of $5.72.

Pcm Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a dividend of $0.0642 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 14.4%.

Pcm Fund Company Profile

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.