PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 17.4% in November

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 229,000 shares, a drop of 17.4% from the November 15th total of 277,400 shares. Based on an average daily trading volume, of 192,200 shares, the short-interest ratio is presently 1.2 days.

PIMCO Corporate & Income Strategy Fund Stock Up 0.1 %

Shares of PCN stock opened at $13.88 on Monday. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $12.07 and a fifty-two week high of $14.36. The firm’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $13.65.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be issued a dividend of $0.1125 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.35 annualized dividend and a dividend yield of 9.73%.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 1,356.2% in the third quarter. International Assets Investment Management LLC now owns 1,205,673 shares of the investment management company’s stock worth $17,108,000 after buying an additional 1,122,875 shares during the period. Insigneo Advisory Services LLC purchased a new position in PIMCO Corporate & Income Strategy Fund in the 2nd quarter worth approximately $3,265,000. GHE LLC grew its position in PIMCO Corporate & Income Strategy Fund by 48.4% in the third quarter. GHE LLC now owns 456,055 shares of the investment management company’s stock valued at $6,471,000 after acquiring an additional 148,651 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in PIMCO Corporate & Income Strategy Fund in the second quarter valued at approximately $1,713,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of PIMCO Corporate & Income Strategy Fund by 32.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 393,996 shares of the investment management company’s stock valued at $5,205,000 after purchasing an additional 95,482 shares during the period.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund 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 invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.