Short Interest in PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Increases By 73.5%

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 161,399 shares, a growth of 73.5% from the April 30th total of 93,032 shares. Based on an average trading volume of 317,661 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $26,000. Parallel Advisors LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth approximately $27,000. Aspect Partners LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth approximately $39,000. Fifth Third Bancorp purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 3rd quarter worth approximately $40,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of PIMCO Corporate & Income Strategy Fund by 91.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,192 shares of the investment management company’s stock worth $53,000 after purchasing an additional 2,000 shares during the period.

PIMCO Corporate & Income Strategy Fund Price Performance

PCN stock traded up $0.01 during mid-day trading on Tuesday, reaching $11.78. The company had a trading volume of 207,014 shares, compared to its average volume of 362,593. The firm has a 50 day moving average of $11.88 and a 200 day moving average of $12.37. PIMCO Corporate & Income Strategy Fund has a 12 month low of $11.40 and a 12 month high of $13.49.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a $0.1125 dividend. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 11th.

PIMCO Corporate & Income Strategy Fund Company Profile

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.