Short Interest in Pcm Fund (NYSE:PCM) Grows By 48.4%

Pcm Fund (NYSE:PCM) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 25,654 shares, an increase of 48.4% from the November 30th total of 17,282 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 72,545 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 72,545 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Pcm Fund Stock Performance

Shares of NYSE:PCM traded up $0.03 during mid-day trading on Tuesday, reaching $6.10. The stock had a trading volume of 58,074 shares, compared to its average volume of 60,734. The firm has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $6.34. Pcm Fund has a twelve month low of $5.88 and a twelve month high of $7.83.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a dividend of $0.0642 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a yield of 12.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Scotia Capital Inc. bought a new stake in shares of Pcm Fund in the third quarter worth $92,000. Sovran Advisors LLC boosted its stake 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 period. Finally, Ieq Capital LLC bought a new stake in Pcm Fund in the 1st quarter valued at about $591,000. 10.26% of the stock is currently owned by institutional investors.

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.