PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Sees Significant Drop in Short Interest

Posted by Brian Himes on Oct 11th, 2026

PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 62,488 shares, a drop of 78.6% from the September 15th total of 291,976 shares. Based on an average daily trading volume, of 612,670 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds have recently modified their holdings of the business. Williams & Novak Wealth Management LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund in the third quarter valued at $275,000. Integrated Capital Management Inc. bought a new position in PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth $444,000. CoreCap Advisors LLC lifted its holdings in PIMCO Corporate & Income Strategy Fund by 15.3% during the 3rd quarter. CoreCap Advisors LLC now owns 12,820 shares of the investment management company’s stock worth $137,000 after buying an additional 1,700 shares during the period. Venture Visionary Partners LLC lifted its holdings in PIMCO Corporate & Income Strategy Fund by 51.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 263,222 shares of the investment management company’s stock worth $2,809,000 after buying an additional 89,849 shares during the period. Finally, AG Asset Advisory LLC lifted its holdings in PIMCO Corporate & Income Strategy Fund by 3.1% during the 2nd quarter. AG Asset Advisory LLC now owns 177,270 shares of the investment management company’s stock worth $2,118,000 after buying an additional 5,344 shares during the period.

PIMCO Corporate & Income Strategy Fund Stock Up 1.2%

NYSE:PCN traded up $0.12 during mid-day trading on Friday, hitting $10.88. 473,152 shares of the company’s stock were exchanged, compared to its average volume of 380,020. The company has a 50 day simple moving average of $11.38 and a 200-day simple moving average of $11.67. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $10.44 and a fifty-two week high of $13.49.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be given a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 12.4%. The ex-dividend date is Tuesday, October 13th.

PIMCO Corporate & Income Strategy Fund Company Profile

(Get Free Report)

PIMCO Corporate & Income Strategy Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PCN. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global investment management firm, and is designed to provide shareholders with a high level of current income while also pursuing long-term capital appreciation.

The fund invests primarily in corporate debt securities and other income-producing investments. Its portfolio may include investment-grade and below-investment-grade corporate bonds, convertible securities, preferred securities, mortgage-related and other asset-backed securities, and obligations issued by governments and financial institutions.