PCM Fund Inc. (NYSE:PCM) Short Interest Update

PCM Fund Inc. (NYSE:PCM) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 12,600 shares, a growth of 44.8% from the February 13th total of 8,700 shares. Based on an average trading volume of 74,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of PCM Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in PCM Fund in the fourth quarter valued at approximately $137,000. Two Sigma Securities LLC acquired a new stake in PCM Fund in the 4th quarter valued at $152,000. Horizon Kinetics Asset Management LLC increased its stake in PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock valued at $322,000 after purchasing an additional 15,720 shares in the last quarter. Sovran Advisors LLC acquired a new position in PCM Fund during the fourth quarter worth $443,000. Finally, Financial Advocates Investment Management raised its holdings in PCM Fund by 10.8% during the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock worth $1,662,000 after buying an additional 20,950 shares during the last quarter. 10.26% of the stock is owned by institutional investors.

PCM Fund Stock Performance

NYSE:PCM opened at $6.48 on Friday. PCM Fund has a 12 month low of $6.37 and a 12 month high of $9.15. The firm has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $7.50.

PCM Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0642 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.77 annualized dividend and a dividend yield of 11.90%.

About PCM Fund

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.