PCM Fund Inc. (NYSE:PCM) Sees Large Increase in Short Interest

Posted by Dante Gardener on Mar 29th, 2025

PCM Fund Inc. (NYSE:PCM – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 23,800 shares, an increase of 88.9% from the February 28th total of 12,600 shares. Based on an average daily volume of 74,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of PCM Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PCM. Financial Advocates Investment Management lifted its stake in shares of PCM Fund by 10.8% in the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock valued at $1,662,000 after buying an additional 20,950 shares during the period. Sovran Advisors LLC acquired a new stake in shares of PCM Fund during the 4th quarter worth approximately $443,000. Raymond James Financial Inc. bought a new stake in shares of PCM Fund during the fourth quarter valued at approximately $137,000. Finally, Two Sigma Securities LLC acquired a new position in shares of PCM Fund in the fourth quarter valued at $152,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

PCM Fund Price Performance

NYSE:PCM traded up $0.02 during mid-day trading on Friday, hitting $6.46. 31,061 shares of the company’s stock traded hands, compared to its average volume of 54,980. The firm has a 50 day moving average of $6.61 and a two-hundred day moving average of $7.41. PCM Fund has a 12 month low of $6.37 and a 12 month high of $9.15.

PCM Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0642 per share. This represents a $0.77 annualized dividend and a yield of 11.93%. The ex-dividend date is Thursday, March 13th.

About PCM Fund

(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.