Pcm Fund (NYSE:PCM) Short Interest Update

Pcm Fund (NYSE:PCM) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 21,551 shares, a decline of 37.8% from the April 15th total of 34,661 shares. Based on an average daily volume of 35,153 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Pcm Fund Trading Down 0.3%

Shares of NYSE:PCM traded down $0.02 during trading hours on Tuesday, hitting $5.62. The company’s stock had a trading volume of 8,619 shares, compared to its average volume of 51,581. Pcm Fund has a 52 week low of $5.52 and a 52 week high of $6.76. The firm’s fifty day moving average price is $5.74 and its 200 day moving average price is $5.99.

Pcm Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.0642 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 13.7%.

Hedge Funds Weigh In On Pcm Fund

A number of large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its position in shares of Pcm Fund by 59.3% during the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock worth $2,738,000 after purchasing an additional 178,434 shares in the last quarter. LPL Financial LLC increased its position in shares of Pcm Fund by 6.7% during the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after purchasing an additional 19,364 shares in the last quarter. Guggenheim Capital LLC grew its position in Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock worth $1,779,000 after purchasing an additional 72,482 shares during the last quarter. Sovran Advisors LLC increased its stake in Pcm Fund by 3.9% during the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after purchasing an additional 3,354 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new position in Pcm Fund during the 1st quarter valued at approximately $328,000. 10.26% of the stock is owned by institutional investors and hedge funds.

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.