PCM Fund Inc. (NYSE:PCM - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 4,100 shares, a decline of 60.6% from the April 30th total of 10,400 shares. Based on an average daily volume of 53,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Investors Weigh In On PCM Fund
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of PCM Fund during the fourth quarter worth $137,000. Two Sigma Securities LLC bought a new stake in shares of PCM Fund during the fourth quarter worth $152,000. Sovran Advisors LLC bought a new stake in shares of PCM Fund during the fourth quarter worth $443,000. Ieq Capital LLC bought a new stake in shares of PCM Fund during the first quarter worth $591,000. Finally, Arlington Capital Management Inc. bought a new stake in shares of PCM Fund during the first quarter worth $651,000. Institutional investors own 10.26% of the company's stock.
PCM Fund Trading Up 1.0%
Shares of PCM stock traded up $0.06 on Monday, reaching $6.31. 67,332 shares of the stock were exchanged, compared to its average volume of 57,663. PCM Fund has a one year low of $5.88 and a one year high of $8.39. The stock has a 50 day moving average price of $6.23 and a 200 day moving average price of $6.80.
PCM Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.0642 per share. The ex-dividend date is Monday, May 12th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 12.22%.
About PCM Fund
(
Get Free Report)
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.
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