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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 116,700 shares, a decrease of 41.4% from the July 31st total of 199,200 shares. Based on an average daily volume of 204,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Large investors have recently bought and sold shares of the business. Raymond James & Associates lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 71.7% in the 4th quarter. Raymond James & Associates now owns 18,193 shares of the investment management company’s stock worth $226,000 after acquiring an additional 7,600 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth $917,000. Axxcess Wealth Management LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 321.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 489,179 shares of the investment management company’s stock worth $6,071,000 after acquiring an additional 372,994 shares during the period. Aviance Capital Partners LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth $807,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter worth $608,000.

PIMCO Corporate & Income Strategy Fund Stock Down 0.4 %

NYSE:PCN traded down $0.05 during trading hours on Wednesday, reaching $13.41. 163,940 shares of the company’s stock were exchanged, compared to its average volume of 228,500. The company has a 50-day moving average of $13.37 and a 200 day moving average of $13.30. PIMCO Corporate & Income Strategy Fund has a 1-year low of $10.70 and a 1-year high of $14.23.

PIMCO Corporate & Income Strategy Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a dividend of $0.112 per share. This represents a $1.34 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date is Monday, August 12th.

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.