Pcm Fund (NYSE:PCM) Short Interest Up 49.7% in July

Pcm Fund (NYSE:PCM) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 47,824 shares, a growth of 49.7% from the July 15th total of 31,936 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 32,870 shares, the short-interest ratio is currently 1.5 days.

Pcm Fund Trading Down 0.0%

Shares of PCM stock opened at $5.46 on Thursday. The business’s fifty day moving average is $5.63 and its 200-day moving average is $5.75. Pcm Fund has a 1 year low of $5.29 and a 1 year high of $6.76.

Pcm Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.0642 per share. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 14.1%.

Hedge Funds Weigh In On Pcm Fund

Institutional investors have recently bought and sold shares of the stock. StoneX Group Inc. purchased a new stake in shares of Pcm Fund during the 4th quarter worth about $68,000. Everett Harris & Co. CA bought a new position in Pcm Fund during the fourth quarter valued at about $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Pcm Fund in the fourth quarter valued at $83,000. Scotia Capital Inc. bought a new position in Pcm Fund in the third quarter worth $92,000. Finally, Kestra Advisory Services LLC lifted its position in Pcm Fund by 65.2% in the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after purchasing an additional 13,667 shares during the period. Hedge funds and other institutional investors own 10.26% of the company’s stock.

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.