PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 18.1% in October

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 150,300 shares, a drop of 18.1% from the October 15th total of 183,600 shares. Based on an average trading volume of 189,300 shares, the days-to-cover ratio is presently 0.8 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of NYSE:PCN traded up $0.01 on Friday, reaching $13.90. 170,683 shares of the company were exchanged, compared to its average volume of 219,998. The company has a 50-day moving average of $13.93 and a 200-day moving average of $13.47. PIMCO Corporate & Income Strategy Fund has a 1-year low of $11.91 and a 1-year high of $14.36.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.1125 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.35 dividend on an annualized basis and a yield of 9.71%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PCN. International Assets Investment Management LLC increased its stake in PIMCO Corporate & Income Strategy Fund by 1,356.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,205,673 shares of the investment management company’s stock valued at $17,108,000 after purchasing an additional 1,122,875 shares in the last quarter. Principal Securities Inc. increased its position in shares of PIMCO Corporate & Income Strategy Fund by 9.6% in the third quarter. Principal Securities Inc. now owns 900,769 shares of the investment management company’s stock valued at $12,782,000 after buying an additional 79,059 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of 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 worth $7,576,000 after buying an additional 53,147 shares in the last quarter. GHE LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 48.4% in the 3rd 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 during the last quarter. Finally, Elevated Capital Advisors LLC increased its holdings in PIMCO Corporate & Income Strategy Fund by 1.7% during the 2nd quarter. Elevated Capital Advisors LLC now owns 396,818 shares of the investment management company’s stock valued at $5,242,000 after acquiring an additional 6,756 shares in 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.