Pcm Fund (NYSE:PCM) Short Interest Up 62.4% in August

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. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 54,846 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Pcm Fund

A number of institutional investors have recently made changes to their positions in PCM. StoneX Group Inc. acquired a new position in Pcm Fund in the 4th quarter valued at $68,000. Everett Harris & Co. CA bought a new position in Pcm Fund in the 4th quarter valued at about $80,000. Integrity Advisory Solutions LLC bought a new position in Pcm Fund in the fourth quarter valued at approximately $83,000. Kestra Advisory Services LLC increased its stake in shares of 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 purchasing an additional 13,667 shares during the last quarter. Finally, Scotia Capital Inc. acquired a new position in Pcm Fund during the third quarter worth about $92,000. Institutional investors own 10.26% of the company’s stock.

Pcm Fund Stock Performance

Shares of PCM traded down $0.03 during midday trading on Tuesday, reaching $5.32. The stock had a trading volume of 149,871 shares, compared to its average volume of 50,112. The firm has a 50 day simple moving average of $5.61 and a 200-day simple moving average of $5.71. Pcm Fund has a one year low of $5.22 and a one year high of $6.76.

Pcm Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date is Thursday, August 13th.

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.