PCM Fund Inc. (NYSE:PCM - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 19,000 shares, an increase of 363.4% from the May 15th total of 4,100 shares. Based on an average trading volume of 50,700 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company's stock are sold short.
Hedge Funds Weigh In On PCM Fund
Several large investors have recently bought and sold shares of PCM. Raymond James Financial Inc. bought a new position in PCM Fund during the 4th quarter worth approximately $137,000. Two Sigma Securities LLC acquired a new position in PCM Fund during the fourth quarter worth about $152,000. Sovran Advisors LLC increased its stake in shares of PCM Fund by 47.1% in the first quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock valued at $514,000 after buying an additional 27,128 shares during the period. Ieq Capital LLC bought a new position in shares of PCM Fund during the 1st quarter worth approximately $591,000. Finally, Arlington Capital Management Inc. bought a new position in shares of PCM Fund in the 1st quarter worth $651,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.
PCM Fund Stock Performance
PCM traded down $0.10 during trading on Friday, reaching $6.26. The stock had a trading volume of 66,345 shares, compared to its average volume of 55,687. The stock has a 50 day moving average of $6.22 and a two-hundred day moving average of $6.69. PCM Fund has a 1-year low of $5.88 and a 1-year high of $8.39.
PCM Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a $0.0642 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 12.31%. The ex-dividend date of this dividend is Thursday, June 12th.
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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