PCM Fund Inc. (NYSE:PCM) Short Interest Update

Posted by Donna Armstrong on Jan 15th, 2025

PCM Fund Inc. (NYSE:PCM – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 27,200 shares, a drop of 21.4% from the December 15th total of 34,600 shares. Based on an average daily volume of 52,300 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On PCM Fund

An institutional investor recently raised its position in PCM Fund stock. Financial Advocates Investment Management increased its position in PCM Fund Inc. (NYSE:PCM – Free Report) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,870 shares of the investment management company’s stock after purchasing an additional 13,973 shares during the period. Financial Advocates Investment Management owned approximately 1.62% of PCM Fund worth $1,557,000 at the end of the most recent reporting period. 10.26% of the stock is currently owned by institutional investors.

PCM Fund Price Performance

Shares of PCM stock traded up $0.13 during trading hours on Wednesday, hitting $6.67. 38,672 shares of the company’s stock traded hands, compared to its average volume of 154,606. The stock’s fifty day simple moving average is $7.76 and its two-hundred day simple moving average is $7.80. PCM Fund has a 12-month low of $6.50 and a 12-month high of $9.15.

PCM Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.0642 dividend. This represents a $0.77 annualized dividend and a yield of 11.56%. The ex-dividend date of this dividend is Monday, January 13th.

PCM Fund Company Profile

(Get Free Report)

PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.