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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 215,300 shares, a growth of 61.4% from the September 15th total of 133,400 shares. Based on an average daily trading volume, of 213,700 shares, the days-to-cover ratio is presently 1.0 days.

PIMCO Corporate & Income Strategy Fund Trading Down 0.3 %

NYSE:PCN traded down $0.04 during trading hours on Friday, reaching $14.02. The company had a trading volume of 124,764 shares, compared to its average volume of 224,564. PIMCO Corporate & Income Strategy Fund has a 1-year low of $10.70 and a 1-year high of $14.36. The business’s 50 day moving average price is $13.68 and its 200-day moving average price is $13.39.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a $0.1125 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Several large investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the second quarter worth approximately $3,265,000. Cetera Investment Advisers boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 414.8% in the first quarter. Cetera Investment Advisers now owns 273,987 shares of the investment management company’s stock valued at $3,828,000 after acquiring an additional 220,767 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth approximately $1,713,000. Northwestern Mutual Wealth Management Co. increased its holdings in PIMCO Corporate & Income Strategy Fund by 32.0% in 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 buying an additional 95,482 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in PIMCO Corporate & Income Strategy Fund by 10.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 542,326 shares of the investment management company’s stock valued at $7,576,000 after purchasing an additional 53,147 shares in the last quarter.

About PIMCO Corporate & Income Strategy Fund

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.