Short Interest in Pcm Fund (NYSE:PCM) Decreases By 27.0%

Pcm Fund (NYSE:PCM) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 29,200 shares, a decrease of 27.0% from the September 30th total of 40,000 shares. Based on an average daily trading volume, of 60,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 60,600 shares, the short-interest ratio is currently 0.5 days.

Pcm Fund Stock Down 0.1%

NYSE:PCM opened at $6.30 on Wednesday. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.37. Pcm Fund has a fifty-two week low of $5.88 and a fifty-two week high of $8.39.

Pcm Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.0642 dividend. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Friday, November 14th.

Institutional Trading of Pcm Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Sovran Advisors LLC increased its holdings in Pcm Fund by 3.9% in 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 during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Pcm Fund in the 1st quarter valued at approximately $1,565,000. Ieq Capital LLC acquired a new stake in Pcm Fund in the 1st quarter valued at approximately $591,000. Finally, Arlington Capital Management Inc. acquired a new stake in Pcm Fund in the 1st quarter valued at approximately $651,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Company Profile

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.