Pcm Fund (NYSE:PCM) Sees Significant Increase in Short Interest

Pcm Fund (NYSE:PCM) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 45,600 shares, an increase of 57.8% from the August 31st total of 28,900 shares. Based on an average daily volume of 56,200 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 56,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Pcm Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sovran Advisors LLC boosted its stake in shares of Pcm Fund by 47.1% during the first quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company’s stock valued at $514,000 after acquiring an additional 27,128 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Pcm Fund during the 1st quarter worth $591,000. Arlington Capital Management Inc. purchased a new position in shares of Pcm Fund during the 1st quarter worth $651,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Pcm Fund during the first quarter worth $1,565,000. Hedge funds and other institutional investors own 10.26% of the company’s stock.

Pcm Fund Price Performance

Pcm Fund stock opened at $6.69 on Monday. Pcm Fund has a fifty-two week low of $5.88 and a fifty-two week high of $8.39. The stock’s fifty day moving average is $6.45 and its two-hundred day moving average is $6.34.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be issued a dividend of $0.0642 per share. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Tuesday, October 14th.

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.