PCM Fund Inc. (NYSE:PCM - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 23,800 shares, a growth of 88.9% from the February 28th total of 12,600 shares. Currently, 0.2% of the company's stock are short sold. Based on an average trading volume of 74,700 shares, the days-to-cover ratio is presently 0.3 days.
PCM Fund Stock Performance
NYSE PCM traded down $0.03 during trading hours on Tuesday, hitting $6.43. The company had a trading volume of 22,617 shares, compared to its average volume of 75,035. PCM Fund has a 1-year low of $6.37 and a 1-year high of $9.15. The business has a 50 day moving average of $6.61 and a 200-day moving average of $7.39.
PCM Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a $0.0642 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date is Thursday, March 13th.
Institutional Trading of PCM Fund
Large investors have recently bought and sold shares of the business. Two Sigma Securities LLC purchased a new stake in shares of PCM Fund during the fourth quarter worth approximately $152,000. Raymond James Financial Inc. acquired a new position in shares of PCM Fund during the 4th quarter worth $137,000. Sovran Advisors LLC purchased a new stake in shares of PCM Fund in the fourth quarter valued at about $443,000. Finally, Financial Advocates Investment Management lifted its stake in PCM Fund by 10.8% in the 4th quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock valued at $1,662,000 after buying an additional 20,950 shares in the last quarter. Institutional investors and hedge funds own 10.26% of the company's stock.
About PCM Fund
(
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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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