Pcm Fund (NYSE:PCM – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 44,292 shares, a decline of 37.0% from the August 31st total of 70,259 shares. Based on an average trading volume of 127,271 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.
Institutional Investors Weigh In On Pcm Fund
Several large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC increased its holdings in shares of Pcm Fund by 59.3% in the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock valued at $2,738,000 after buying an additional 178,434 shares in the last quarter. Concord Investment Counsel Inc. bought a new stake in shares of Pcm Fund during the 2nd quarter worth $358,000. Landscape Capital Management L.L.C. bought a new stake in shares of Pcm Fund during the 2nd quarter worth $322,000. Arlington Capital Management Inc. acquired a new position in shares of Pcm Fund in the 1st quarter worth $328,000. Finally, Everett Harris & Co. CA acquired a new position in shares of Pcm Fund in the 4th quarter worth $80,000. Institutional investors and hedge funds own 10.26% of the company’s stock.
Pcm Fund Stock Down 0.6%
Shares of Pcm Fund stock traded down $0.03 during trading on Thursday, hitting $4.95. 9,032 shares of the stock were exchanged, compared to its average volume of 54,463. Pcm Fund has a 12 month low of $4.85 and a 12 month high of $6.76. The stock’s fifty day moving average is $5.36 and its 200 day moving average is $5.57.
Pcm Fund Dividend Announcement
About Pcm Fund
PCM Fund, Inc (NYSE: PCM) is a closed-end investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund is designed to provide investors with access to professionally managed fixed-income investments rather than operating a conventional business.
The fund primarily invests in commercial mortgage-backed securities and other mortgage-related investments. Its investment strategy is focused on generating a high level of current income, with capital appreciation as a secondary objective.
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