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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 54,300 shares, a decrease of 80.5% from the December 31st total of 278,700 shares. Based on an average trading volume of 206,800 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Several hedge funds have recently bought and sold shares of PCN. International Assets Investment Management LLC raised its holdings 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 worth $17,108,000 after acquiring an additional 1,122,875 shares during the period. GHE LLC increased its stake in shares of PIMCO Corporate & Income Strategy Fund by 48.4% in the third quarter. GHE LLC now owns 456,055 shares of the investment management company’s stock worth $6,471,000 after purchasing an additional 148,651 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $5,205,000 after purchasing an additional 95,482 shares during the period. Marks Group Wealth Management Inc acquired a new position in shares of PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth about $1,310,000. Finally, Principal Securities Inc. grew its holdings in PIMCO Corporate & Income Strategy Fund by 9.6% in the 3rd 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 during the last quarter.

PIMCO Corporate & Income Strategy Fund Stock Up 0.2 %

Shares of PCN traded up $0.03 during midday trading on Tuesday, reaching $13.49. 148,083 shares of the stock were exchanged, compared to its average volume of 215,428. PIMCO Corporate & Income Strategy Fund has a 12-month low of $12.32 and a 12-month high of $14.36. The firm has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $13.70.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a $0.1125 dividend. This represents a $1.35 annualized dividend and a dividend yield of 10.01%. The ex-dividend date is Monday, January 13th.

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.