PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 18.1% in October

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 150,300 shares, a decline of 18.1% from the October 15th total of 183,600 shares. Based on an average daily trading volume, of 189,300 shares, the days-to-cover ratio is presently 0.8 days.

PIMCO Corporate & Income Strategy Fund Stock Up 0.1 %

NYSE PCN traded up $0.01 during trading on Friday, hitting $13.90. The stock had a trading volume of 170,683 shares, compared to its average volume of 219,998. The stock has a 50 day simple moving average of $13.93 and a 200 day simple moving average of $13.47. PIMCO Corporate & Income Strategy Fund has a one year low of $11.91 and a one year high of $14.36.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Tuesday, November 12th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of PIMCO Corporate & Income Strategy Fund by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 66,262 shares of the investment management company’s stock valued at $926,000 after buying an additional 2,589 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of PIMCO Corporate & Income Strategy Fund by 10.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 542,326 shares of the investment management company’s stock worth $7,576,000 after purchasing an additional 53,147 shares during the period. Linscomb Wealth Inc. bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the first quarter valued at approximately $141,000. Cetera Investment Advisers increased its holdings in PIMCO Corporate & Income Strategy Fund by 414.8% during the first quarter. Cetera Investment Advisers now owns 273,987 shares of the investment management company’s stock valued at $3,828,000 after buying an additional 220,767 shares during the period. Finally, LongView Wealth Management raised its stake in PIMCO Corporate & Income Strategy Fund by 48.1% in the second quarter. LongView Wealth Management now owns 43,534 shares of the investment management company’s stock worth $575,000 after buying an additional 14,132 shares in the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.