Short Interest in PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Increases By 35.9%

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 455,955 shares, an increase of 35.9% from the December 31st total of 335,540 shares. Based on an average daily volume of 375,667 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 375,667 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in shares of PIMCO Corporate & Income Strategy Fund by 28.2% in the 4th quarter. Comerica Bank now owns 9,881 shares of the investment management company’s stock worth $126,000 after buying an additional 2,171 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in PIMCO Corporate & Income Strategy Fund by 8.2% in the fourth quarter. Sanctuary Advisors LLC now owns 27,510 shares of the investment management company’s stock valued at $351,000 after acquiring an additional 2,074 shares during the period. Benchmark Financial LLC purchased a new position in PIMCO Corporate & Income Strategy Fund in the fourth quarter worth about $128,000. Elevated Capital Advisors LLC grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 0.4% during the 4th quarter. Elevated Capital Advisors LLC now owns 362,611 shares of the investment management company’s stock valued at $4,627,000 after purchasing an additional 1,443 shares during the period. Finally, Westbourne Investment Advisors Inc. increased its position in shares of PIMCO Corporate & Income Strategy Fund by 2.0% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 51,500 shares of the investment management company’s stock valued at $657,000 after purchasing an additional 1,000 shares during the last quarter.

PIMCO Corporate & Income Strategy Fund Stock Up 0.2%

PIMCO Corporate & Income Strategy Fund stock traded up $0.02 during trading hours on Friday, hitting $12.81. The stock had a trading volume of 290,006 shares, compared to its average volume of 336,040. The stock’s 50-day moving average price is $12.70 and its 200-day moving average price is $12.87. PIMCO Corporate & Income Strategy Fund has a 12-month low of $11.30 and a 12-month high of $13.84.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 10.5%.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.