Short Interest in Pcm Fund (NYSE:PCM) Declines By 27.0%

Pcm Fund (NYSE:PCM) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 29,200 shares, a decline of 27.0% from the September 30th total of 40,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PCM. Landscape Capital Management L.L.C. acquired a new position in shares of Pcm Fund in the 1st quarter worth approximately $1,565,000. Arlington Capital Management Inc. acquired a new position in shares of Pcm Fund in the 1st quarter worth approximately $651,000. Ieq Capital LLC acquired a new position in shares of Pcm Fund in the 1st quarter worth approximately $591,000. Finally, Sovran Advisors LLC lifted its position in shares of Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after purchasing an additional 3,354 shares during the period. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Stock Up 0.3%

Shares of NYSE PCM traded up $0.02 during midday trading on Monday, reaching $6.29. The stock had a trading volume of 53,867 shares, compared to its average volume of 60,587. Pcm Fund has a twelve month low of $5.88 and a twelve month high of $8.39. The company’s 50 day moving average price is $6.51 and its 200 day moving average price is $6.36.

Pcm Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be given a $0.0642 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

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.