PCM Fund Inc. (NYSE:PCM – Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 84,300 shares, a drop of 19.7% from the May 15th total of 105,000 shares. Based on an average trading volume of 46,200 shares, the short-interest ratio is presently 1.8 days.
PCM Fund Trading Up 0.1 %
NYSE PCM traded up $0.01 during trading hours on Friday, hitting $7.81. 33,445 shares of the company’s stock were exchanged, compared to its average volume of 81,861. The stock has a 50-day simple moving average of $8.50 and a 200 day simple moving average of $8.28. PCM Fund has a 1-year low of $6.88 and a 1-year high of $10.20.
PCM Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 12.29%. The ex-dividend date is Thursday, June 13th.
Institutional Trading of PCM Fund
PCM Fund Company Profile
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.
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