PCM Fund Inc. (NYSE:PCM) Short Interest Update

PCM Fund Inc. (NYSE:PCM) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 8,700 shares, a decline of 13.0% from the January 31st total of 10,000 shares. Based on an average daily trading volume, of 67,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On PCM Fund

A number of hedge funds have recently bought and sold shares of PCM. Horizon Kinetics Asset Management LLC increased its holdings in shares of PCM Fund by 64.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock worth $322,000 after buying an additional 15,720 shares during the last quarter. Raymond James Financial Inc. purchased a new position in PCM Fund in the fourth quarter worth about $137,000. Two Sigma Securities LLC bought a new stake in PCM Fund during the fourth quarter worth approximately $152,000. Financial Advocates Investment Management raised its position in PCM Fund by 10.8% during the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock valued at $1,662,000 after purchasing an additional 20,950 shares during the period. Finally, Sovran Advisors LLC bought a new stake in shares of PCM Fund in the 4th quarter valued at approximately $443,000. Hedge funds and other institutional investors own 10.26% of the company’s stock.

PCM Fund Stock Performance

NYSE PCM opened at $6.66 on Friday. PCM Fund has a 1-year low of $6.50 and a 1-year high of $9.15. The business has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $7.55.

PCM Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.0642 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date of this dividend is Thursday, March 13th.

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.