Short Interest in Pcm Fund (NYSE:PCM) Increases By 25.8%

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 - ) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 28,800 shares, agrowthof25.8% from the July 15th total of 22,900 shares. Based on an average trading volume of 43,800 shares, the short-interest ratio is currently 0.7 days. Approximately0.2% of the shares of the stock are short sold. Approximately0.2% of the shares of the stock are short sold. Based on an average trading volume of 43,800 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Pcm Fund

A number of institutional investors have recently modified their holdings of PCM. Raymond James Financial Inc. acquired a new stake in shares of Pcm Fund during the 4th quarter valued at about $137,000. Two Sigma Securities LLC acquired a new stake in shares of Pcm Fund during the 4th quarter valued at about $152,000. Sovran Advisors LLC grew its position in shares of Pcm Fund by 47.1% during the 1st quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock valued at $514,000 after acquiring an additional 27,128 shares during the period. Arlington Capital Management Inc. acquired a new stake in shares of Pcm Fund during the 1st quarter valued at about $651,000. Finally, Ieq Capital LLC acquired a new stake in shares of Pcm Fund during the 1st quarter valued at about $591,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

Pcm Fund Stock Performance

NYSE:PCM opened at $6.2790 on Thursday. Pcm Fund has a 52 week low of $5.88 and a 52 week high of $8.39. The stock's 50-day moving average price is $6.32 and its 200-day moving average price is $6.36.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.0642 per share. The ex-dividend date is Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

About Pcm Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.