PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Update

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 195,600 shares, an increase of 165.4% from the February 28th total of 73,700 shares. Based on an average trading volume of 213,300 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC bought a new stake in shares of PIMCO Corporate & Income Strategy Fund during the 4th quarter valued at about $366,000. GHE LLC lifted its holdings in PIMCO Corporate & Income Strategy Fund by 22.8% in the fourth quarter. GHE LLC now owns 560,056 shares of the investment management company’s stock worth $7,947,000 after buying an additional 104,001 shares during the period. Principal Securities Inc. boosted its position in PIMCO Corporate & Income Strategy Fund by 7.3% during the 4th quarter. Principal Securities Inc. now owns 966,636 shares of the investment management company’s stock valued at $12,972,000 after acquiring an additional 65,867 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of PIMCO Corporate & Income Strategy Fund by 54.6% during the 4th quarter. Apollon Wealth Management LLC now owns 27,220 shares of the investment management company’s stock worth $365,000 after acquiring an additional 9,614 shares during the period. Finally, Sovran Advisors LLC bought a new position in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth approximately $422,000.

PIMCO Corporate & Income Strategy Fund Price Performance

Shares of NYSE PCN remained flat at $13.65 during trading hours on Thursday. The company had a trading volume of 161,710 shares, compared to its average volume of 217,322. PIMCO Corporate & Income Strategy Fund has a 12 month low of $12.32 and a 12 month high of $14.36. The stock has a 50 day moving average price of $13.61 and a 200-day moving average price of $13.76.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.1125 dividend. This represents a $1.35 annualized dividend and a yield of 9.89%. The ex-dividend date of this dividend is Thursday, March 13th.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund 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 invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.