PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 73,700 shares, a decline of 40.9% from the February 13th total of 124,700 shares. Based on an average daily trading volume, of 218,100 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

PIMCO Corporate & Income Strategy Fund stock opened at $13.41 on Friday. PIMCO Corporate & Income Strategy Fund has a 52 week low of $12.32 and a 52 week high of $14.36. The business has a 50-day simple moving average of $13.59 and a 200 day simple moving average of $13.76.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 21.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,034,081 shares of the investment management company’s stock worth $13,877,000 after purchasing an additional 184,599 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 7.3% in the 4th quarter. Principal Securities Inc. now owns 966,636 shares of the investment management company’s stock worth $12,972,000 after purchasing an additional 65,867 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 9.8% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 871,785 shares of the investment management company’s stock worth $11,699,000 after purchasing an additional 77,732 shares in the last quarter. GHE LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 22.8% in the 4th quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock valued at $7,947,000 after acquiring an additional 104,001 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 7.7% in the 4th quarter. LPL Financial LLC now owns 415,225 shares of the investment management company’s stock valued at $5,572,000 after acquiring an additional 29,841 shares during the last quarter.

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.