Pcm Fund (NYSE:PCM) Sees Large Decrease in Short Interest

Pcm Fund (NYSE:PCM) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 12,958 shares, a drop of 49.5% from the December 15th total of 25,654 shares. Based on an average daily volume of 75,313 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 75,313 shares, the short-interest ratio is presently 0.2 days.

Pcm Fund Stock Down 1.2%

Pcm Fund stock traded down $0.08 during midday trading on Friday, hitting $6.06. The stock had a trading volume of 64,721 shares, compared to its average volume of 63,391. The business has a fifty day moving average price of $6.15 and a 200 day moving average price of $6.33. Pcm Fund has a 12 month low of $5.88 and a 12 month high of $6.84.

Pcm Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Trading of Pcm Fund

A hedge fund recently bought a new stake in Pcm Fund stock. Scotia Capital Inc. purchased a new position in Pcm Fund (NYSE:PCM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned about 0.11% of Pcm Fund as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 10.26% of the company’s stock.

About Pcm Fund

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.