Pcm Fund (NYSE:PCM) Short Interest Update

Key Points

• Short interest in Pcm Fund (NYSE:PCM) increased by 25.8% in July, rising to 28,800 shares from 22,900 shares, with a short-interest ratio of 0.7 days.
• Institutional investors currently hold 10.26% of Pcm Fund, with several firms acquiring new stakes in the fund during the last quarter.
• Pcm Fund announced a monthly dividend of $0.0642 per share, representing a 12.3% annualized yield, payable on September 2nd to shareholders of record on August 11th.

Pcm Fund (NYSE:PCM - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 28,800 shares, anincreaseof25.8% from the July 15th total of 22,900 shares. Approximately0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 43,800 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 43,800 shares, the short-interest ratio is presently 0.7 days. Approximately0.2% of the shares of the company are short sold.

Pcm Fund Price Performance

Shares of NYSE PCM traded up $0.01 during trading hours on Tuesday, hitting $6.30. 44,700 shares of the stock were exchanged, compared to its average volume of 45,708. The company's 50 day moving average is $6.32 and its 200 day moving average is $6.35. Pcm Fund has a one year low of $5.88 and a one year high of $8.39.

Pcm Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, August 11th.

Institutional Trading of Pcm Fund

Several large investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. bought a new stake in Pcm Fund in the 1st quarter valued at $1,565,000. Arlington Capital Management Inc. bought a new stake in Pcm Fund in the 1st quarter valued at $651,000. Ieq Capital LLC bought a new stake in Pcm Fund in the 1st quarter valued at $591,000. Sovran Advisors LLC boosted its holdings in Pcm Fund by 47.1% in the 1st quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock valued at $514,000 after purchasing an additional 27,128 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in Pcm Fund in the 4th quarter valued at $152,000. 10.26% of the stock is owned by institutional investors.

Pcm Fund Company Profile

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.