PCM Fund Inc. (NYSE:PCM – Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 12,600 shares, an increase of 44.8% from the February 13th total of 8,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 74,200 shares, the short-interest ratio is presently 0.2 days.
PCM Fund Stock Down 0.4 %
PCM Fund stock traded down $0.03 during midday trading on Monday, reaching $6.47. 29,806 shares of the company traded hands, compared to its average volume of 55,093. The business has a 50 day moving average of $6.66 and a two-hundred day moving average of $7.50. PCM Fund has a 12 month low of $6.37 and a 12 month high of $9.15.
PCM Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.0642 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.77 annualized dividend and a yield of 11.92%.
Institutional Inflows and Outflows
PCM Fund Company Profile
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.
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