PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Posted by Francis Steltz on Jun 10th, 2026

PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.33 and traded as low as $11.63. PIMCO Corporate & Income Strategy Fund shares last traded at $11.7150, with a volume of 302,143 shares.

PIMCO Corporate & Income Strategy Fund Stock Up 0.3%

The firm has a fifty day simple moving average of $11.89 and a two-hundred day simple moving average of $12.33.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a dividend of $0.1125 per share. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in PIMCO Corporate & Income Strategy Fund by 9.6% in the second quarter. Invesco Ltd. now owns 449,815 shares of the investment management company’s stock worth $5,708,000 after purchasing an additional 39,540 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in PIMCO Corporate & Income Strategy Fund by 72.0% in the second quarter. Peapack Gladstone Financial Corp now owns 29,578 shares of the investment management company’s stock worth $375,000 after buying an additional 12,378 shares during the last quarter. Jane Street Group LLC purchased a new stake in PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at $551,000. Bank of America Corp DE boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 5.0% during the second quarter. Bank of America Corp DE now owns 244,615 shares of the investment management company’s stock valued at $3,104,000 after buying an additional 11,660 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at about $1,463,000.

About PIMCO Corporate & Income Strategy Fund

(Get Free Report)

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.