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 daily trading volume, of 213,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC lifted its stake in PIMCO Corporate & Income Strategy Fund by 21.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,034,081 shares of the investment management company’s stock worth $13,877,000 after acquiring an additional 184,599 shares in the last quarter. GHE LLC lifted its position in shares of 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 purchasing an additional 104,001 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its holdings in PIMCO Corporate & Income Strategy Fund by 9.8% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 871,785 shares of the investment management company’s stock worth $11,699,000 after purchasing an additional 77,732 shares in the last quarter. Principal Securities Inc. raised its holdings in PIMCO Corporate & Income Strategy Fund by 7.3% during the fourth quarter. Principal Securities Inc. now owns 966,636 shares of the investment management company’s stock valued at $12,972,000 after buying an additional 65,867 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of PIMCO Corporate & Income Strategy Fund by 9.5% in the fourth quarter. Invesco Ltd. now owns 394,752 shares of the investment management company’s stock worth $5,298,000 after buying an additional 34,208 shares during the last quarter.

PIMCO Corporate & Income Strategy Fund Price Performance

Shares of NYSE:PCN traded down $0.02 on Friday, reaching $13.65. 110,117 shares of the company traded hands, compared to its average volume of 217,055. The company’s 50 day moving average is $13.62 and its 200-day moving average is $13.76. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $12.32 and a fifty-two week high of $14.36.

PIMCO Corporate & Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.1125 per share. 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.